51. Good Neighbor Next Door – this program allows teachers, firefighters, and other first responders to purchase a home in certain revitialization areas for 50% off its list price.

You have to live in the home as your primary residence for 3 years, at which time the silent second mortgage (representing 50% of the purchase price) is forgiven.

While the program is not designed for investment purposes, someone who is eligible for the program and willing to live in the home for 3 years, could obviously turn a profit if the home held its value when it was re-sold.

Firefighters are one of the professions that is eligible for the Good Neighbor Next Door program.

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