In our commercial loans we still had 1 to 2 years on our 5 year balloon periods.  

.$140k offer8% interest rate20% down8% management fee5% vacancy5% maintenance 5% cap exI haven't gotten insurance costs yet but it's been suggested that I plan for $2k per year. 

.🔹 Creative Financing – Traditional loans don’t always work for distressed properties.

Like I mentioned to Eliott, I'm very young and I can't get a loan.

If someone has a 2.5% loan they ain’t gonna move get less house just to pay more in interest.

Financing options do exist: hard money loans, renovation loans, and some traditional mortgages can be used on distressed properties if criteria are met.

[1]    You might want to think about opening 2 FDIC insured savings accounts that have no fees.

@Craig Holland Land is often sold with owner financing, in part because buyers have a hard time financing it, and in part because buyers often only need a short time before they can build on the land and refinance out of the seller loan. 

You don’t have to pay $20k+ to learn to broker loans. 

Assuming since you did any FHA loan, this was a househack?