I was sitting in a class last night after speaking to a few local Real Estate Agents about buying foreclosed homes and some multi-units.  I had one of those moments of clarity and I am not sure why I had not thought of it before.

Her monthly was payment was $499 and that does not include taxes or insurance, but the renters paid nearly 75% of her monthly payment.  Now, are you tired of renting?  Would you like your monthly living expense to go down?

Really, with the higher loan amounts for NW Indiana.  You could buy yourself a heck of 3 or 4 unit and live nearly debt free and could be saving so much for retirement or even  buy a single family home  down the road and keep the apartment building like we did with my wife’s first home.

To read the whole blog head on over to the Mad Mortgage Machine or my FHA Blog

If you are a first-time home buyer in Indiana do no hesitate to give me a call.  Dave Woodson (219)872-8000