It is from 2005, so there is talk of you know, the possibility of getting a no money down loan, wraps, etc. but is also good enough to be read I think.

Sounds like you are acting as an agent without a license which is a no-no.Also, I'm sure many on here (including me) would pay handsomely for a steady stream of probate leads.

If it's good enough condition that an o-o would even be interested in making an offer, then you're probably not going to get it an investor kind of prices anyway.

From the finance side, pretty good, no, don't agree to a no pre-payment penalty over the term, a few years could be fine with that rate at that LTV.Have your attorney look over it, standard note and deed of trust, nothing screwy. :)PS.

In my head its a no brainer to hold the property, hopeful continue to get strong appreciation while having the mortgage paid down by someone else.

Personally, I will incur UBIT all day long for a no-money down or lo-money down deal.

I would always use some other form of collateral, or try to work for a no collateral loan.With my parents, I offered to take out a loan at 4% for 10 years, which may even be below the current IRS standards, and my parents thought it was too stiff.

I'm assuming its a no-brainier.One other thing....I'm not interested in investing in war zones or section 8 but I would considered the city of albany which is where I grew up ans has cheaper properties.

Investors took a pretty desolate market and have been a real force in turning it around.Investors are mostly a "no-fluff" type of buyer.And lastlyIts fun !!!

Can investors use this to scout out abandoned properties with a NO TRESSPASSING sign from up high?