I have found a motivated seller and know an investor who already told me he would write a check for 33k under market value leaving me with a nice payday, if the homeowner will sign.

The buyer I have is offering right at what the seller initially said was her "bottom dollar" so my payday is going do depend ENTIRELY on my ability to negotiate her below that number (hence why we're doing it at the property.

I see no point in going for a payday loan since I need so much and at most they only give out $1000!

Patricia,Your post said you only have $77k in the home so if you drop the price to let say $95 to $100k you still walk away with a good pay day and get rid of a headache.Joe Gore

For me I based on cash flow, but the appreciation (even forced appreciation) is were the big pay days come from.

Which begs the question, if you are already finding the deal and arranging investor financing why not attempt to carve out a portion of the long term proceeds and enter into a ‘no money down’ investment deal rather than simply trading your value for a quick (taxable at earned income rates) payday?

Would you be comfortable investing all of your money in high risk stocks that have a big possible payday while being at high risk of also being worthless in the end VS sticking everything in CD's paying 0.nothing% but are super safe ?  

Not a bad payday for 3 - 6 months of work.I would call this a success story!!

But, I don't want to wait for the big payday without doing anything for the mean time so I buy apartments and houses actively.So, yes, doing both can be done.

It gives my tenant a reminder before payday and also automatically charges late fee when they pay late.