A hello and a few questions!

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Hello all!

I have been lurking for a bit, and decided to join. I am getting very serious about real estate, and have put out marketing and have been taking calls. However if you have a moment I am curious about a couple things.
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1. I am curious about down payments and how they work.[/b]

Let's say I am buying a house for 100k and it is worth 100k. (I know this is bad, its just for example reasons). I get a loan for 90%LTV. Does that other 10% or 10k go to the seller or lender?

The reason I ask is because of this other example. I find a house worth 100k, and my offer of 75k goes through. I go and get a loan for 75% LTV. Do i have to make a down payment at all since the loan covers it all?
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2. Is this a possible way to structure a deal?[/b]

A guy calls me who lives what might as well be out of state. Far away. He has a house here he is looking to sell. It is owned by an LLC, a group of four parents who bought the 4/2 house for their kids to go through college in. They all graduate in may and so they are looking to sell. Prefereably not through a Realtor, as they are so far away.

The house is worth roughly 130. They bought it in 2004 for 110. They owe 70.

What if I went to the seller and said hey, you don't like my full cash offer (and I know they won't likely take it but I will try). What if instead, since you are far away, partnered up in a sense. I would do the fix up, and market the house and sell it. You would get a certain profit from it.

Would this work?

Would it be possible to get him to pay for the repairs?

Is there a way to work it out so I know he wont skip out with the money?

I dunno, I think this would be possible if I figured out how. Let me know what you guys think.

I appreciate the effort you all put into the forum.

Have a great day, and take care!