I will go to the PD today to do a criminal check - apparently this can be done instantly.

APPRAISED VALUE: $73,000 Purchase Price $53,500 Closing Costs $600 Assumed Loan $53,000 Refi % of ARV 80% $58,400 Loan Costs $3,000 Cash Out $2,400 Net Down Payment -$1,300 Instant Equity: $14,600 Avg.

.): $87,540 Refinance Amount80% $70,032 Loan Costs $3,000 Cash back after refi $7,587 Instant Equity:$17,508Avg.

It instantly ends any haggling or jockeying for position.Close the deal quickly and move on.

I know that once you decide to venture down the road of REI, you won't become an instant millionaire.

I am quite sure that there is no property here in this region which one can purchase with low down pymt and instantly make a positive cash flow.

I have NO idea what kind of terms you can get for a hard money loan, but let's say it'll be 12% for five years with interest-only payments for all 60 months and balance due on month 60.YOUR DEAL:FMV: $250,000Purchase Price: $200,000 ($190k + $10k)Equity: $50,000Mortgage APR: 7%Mortgage Term: 480Mortgage PMT: $1180.72Hard Money APR: 12%HM Term: 60HM PMT (Interest-Only): $100.00Total Monthly PMT: $1280.72So, in this example, you obtained a house for 20% below FMV, have $50,000 of instant equity and monthly payment savings of almost $400, and the previous owner walks away with $10,000 cash to compensate them for some of the equity.

If someone else purchases a property with no money down, 30% instant equity, and $100-$200 monthly income...what is the rate of return?

So, they turned to their borrowers — homeowners who had taken out mortgages — and demanded instant repayment.

This is a concerning entry for me, if one of my brokers ever did this, they would be fired in an instant.