Please let me know your thoughts… or if I am way off base on what you were trying to accomplish.

I also got in touch with  Murthy Chintalapati, seems like a scam.

Whenever I cold call someone I am cold calling the decision maker or someone close to the decision maker, who might be able to put me in touch with them. 

If it’s a good deal based on the comps, and in a good location, then I’d look into a conventional loan and maybe putting a little more down so that it cash flows.

But based on the age of their post and their total number of posts, my guess is we'll never find out.

They have about 250k left to pay off and the value of the home is around 400k (based off of Zillow).

I currently have a client looking to purchase their first investment properties here this year as well as in other Midwest markets that are also showing some of these same factors coming to light.Another thing to consider is that OKC is home to nearly 20,000 military / government workers with Tinker Air Force Base and the Army and Air National Guard posts there. 

@Samuel Coronado I’ve worked with a few lending options that have no seasoning requirements and allow you to borrow based on the appraisal or after repair value irrespective of how long you’ve owned the property for.

This will create your new basis.From an operational perspective, you might want to touch up a few things on the place to make it more rentable. 

Every REI has a starting point, a build up phase, and an exit phase (this doesn't have to mean out of REI...it refers to cash).The key to determining this is based on an investment plan, and where the REI is in that plan.