It could simply be half or a certain percentage of closing cost (normal closing cost can run anywhere between 4% to 6% of loan amount, depending on the mortgage company or lender), although offering to pay ALL closing costs is not unheard of either.

I offer an 80 ARV FULL DOC rehab program for investors with a 25 amortization with rates currently set at 7.34%---roll in purchase + repairs + closing costs (need to make mortgage payments, but they are I/O)---advances 10% of the cost of repairs at closing (this is unheard)---641 FICO required---100% financing possible...Regards,Scott Miller

You can use dummy listing with unheard of prices example: 4/3 3,000sqft with private lake $25,000.

While its rare to get a MF through probate, it's not unheard of, and when a landlord hits hard times financially, the taxes being paid seems to go to the wayside.

That is a "crushing it" deal you landed.With section 8 paying you will ride the government gravy train.Paul you haven't said if you will be buying all cash.I don't like the fact the house is from 1973.You have to worry about lead based paint and the EPA instead of being built in the later years.You have to worry they just put lipstick on it.Remember many of these companies do not care about you they just want the check.A connection should be formed with someone local to the area wanting to form a relationship with you that will last generations and help you get into good deals where you will not be into trouble down the road.I can tell you just 3 to 4 years ago getting houses for these prices was unheard of.It will not last forever.

I'm still not sure.Same here, this does sound sort of like a scam, and a 40% return in 60 days is unheard of.

If you were to get yourself into a house and cannot sell it right away it isn't unheard of to do a quick flip/rehab on it right away correct?

Since 7% is practically unheard of, why not submit with 10%?

We've actually recently found one at 7% which is pretty much unheard of in this market.However, despite the low cap rates (they'll never get that high in So Cal), cucaloco, there is most DEFINITELY cash flow in apartments.

That is unheard off, let's talk.