This is just a ball park idea though... they won't actually lend money to you until you bring the actual details of the property to the lender.

since you're estimating costs, ball park numbers are usually fine and this is what i would suggest doing to estimate repairs.if you're trying to do a detailed project analysis, you'll probably want the contractors to come see the property but you probably won't make any friends if you don't infact own the property yet because theres a good chance you are wasting their time considering how easy it is to lose a property to someone else before its in contract.

In residential properties, investment and personal residence, most lenders will allow up to 3% of the sales price to be contributed towards closing and pre-paid expenses by the seller. there are some with higher amounts, some with none, and if you get into commercial it's a whole other ball-game!

I'd say it's been done to about half of the township, so it certainly wouldn't be the odd ball out.

If you're going to remove the mobile home from the real estate, check out Nada:http://www.nadaguides.comIf it's a home and land package, you're dealing with an entirely different ball of wax.

Christy, wanna play hard ball with the bird dog.

Here it is: http://militaryfinance.umuc.edu/calculators/InvestmentProperty.htmlI went and looked aty my first property today, and even though I have officially got the ball rolling, I don't think it will work out.The house is listed for $124K, and needs new carpet throughout, a lot of scrubbing, and new paint inside and on the front porch roof.

( even tenants that bust your balls over there portion of the rent still are sub. by the LHA and thats where you get most or in some cases all of your rent for some units) Also, do you get above market rates for your section 8 units ?

I'll PM you to get the ball rolling...Regards,Scott MillerOriginally posted by "a2zrt":I am listening, you can tell me what is next step and how soon?

I was thinking maybe they would take a low ball offer since its such a weird layout and the city was crazy to approve it.