Do you think that the bank would feel comfortable doing this considering the AMOUNT OF SKIN that you would have in the game?

On the surface....@ $550 to 600 per month, looks like you go into a comfortable profit margin on this deal after 18 months.

Lafi, That makes sense on surface level, but it really doesn't do the seller any good.

You'll need to get some thick skin to survive.Good luck.

This peticuliar area of the forum is specific to welcomes, intro's, surface type discussions about you, your goals, future and past accomplishment ect.....

It does not matter what the color of their skin is, and there is plenty of stupid to go around.

An investor that has skin in the game will be less likely to just walk away when things get tough.If your deal is good enough and you have something to offer, you might be able to get 100% financing.

What ever you do, be sure to have a good paint respoerator, eye protection and clothes that can protect your skin pores when first working in the area.

I have a thick skin and I assume others do as well, let's face it one of the "benefits" of posting questions on line is that you know you may get a bit "flamed" for your posts.Again, I could just tell everyone "wow, you're a genius, you'll be a millionaire in no time" like the gurus do.

On the surface, it looks like the interest-only is a better deal (less down and less per month) accept that every interest only loan that I know of is variable and has a relatively short balloon date.