We have a buyer for the property and now it has been discovered that the corporation paperwork was submitted to the state as a charitable contribution even though we are listed as a not for profit organization and have been listed this way for well over 40 years.

We let them rep us on the buy & resale once it's renovated/built, and they are happy to try and work with us on a deal where the seller wants an all-cash, quick close, or the home won't work for conventional lenders/end-buyers, etc.It is hard to find 60-65% of ARV deals, but that's why we are still around!

Note: Our initial goals are to wholesale to build immediate working capital (targeting $150k) and hold for cash-flow to build 10k/mo FCF (free cash-flow).We have made some cash buyer connections, identified and underwritten potential deals on hundreds of current deals, and developed professional relationships in our target community (cleaning, construction, governmental). 

So the buyer's technique got them a $100,000 price reduction.

Hi Rosa,2 questions.What kind of minimum down payment is required there for apartment buildings if a buyer is a United States LLC (or does it require a Mexican IBC (International Business Corporation) to be the buyer)?

Many buyers/investors are using this strategy to invest in real estate.- get into real estate with a lower rate and lesser percentage down payment.

Many prospective buyers don’t want to pay large mortgage payments on a home listed at market value and they know enough about home renovations that they can rehab it themselves and have exactly what they want in a home and can have a small payment on it if it is purchased this way. 

You can reevaluate selling in a few years when interest rates improve and more buyers get into the market

Coupled with tailored marketing efforts, these enhancements attracted buyers and significantly increased the property’s profitability.

The first international route from Houston to our local airport opens in April of next year, so we're going to heavily target US buyers.