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.

So mid June, mid September, mid December.I will quit the instant I am able to replace my day job income with stable rental income...this is everything including net profit, depreciation tax shield, appreciaton, and principal paydown....since I currently sock away about half of my salary in my 401k anyway, I don't need to get the $52k/year from net profit on rents only.

Not a priority for the generation that grew up on instant messaging and smart phones.

My thought instant money maker, instead I'm sitting here trying to figure out who will purchase this property after almost 3 wks of marketing the property, so my personal take hard to sale but maybe a totally good investment using your personal buying criteria for long term hold.

I can see instantly if they have made the deposit or not

*sigh, now it just gets me how this woman is hugely underwater, owes $420,000, I'm willing to take on a debt worth much more than her house, and I've given her the opportunity to solve her +$400,000 problem almost instantly, but she still refused my help because she wants money she can't have.

I don't know of anywhere where you get instant ownership of the property from a tax sale.Usually there is a "redemption period" (what you referred to as the property was reclaimed, which may be the correct term for your area?)