This is a pretty sweet deal and like I said, I'll post on it once we close.BP looks like a great forum and I plan to be an active member.

sorry old thread but..i've gotten out after 9 years in the navy.. 8 years in i bought with great timing.. prices plunging and low rates.. got a sweet duplex on an island which actually created enough cash flow to live off.. scooped up another island duplex with my mom only a few months later.. in the next 3 years was able to save enough to pick up 2 more houses paid in full.. and now 6 months later i'm in the market again.. still can't believe how well it's going.. so happy i chose to get out.. i do what i want when i want.. for me i wanted to buy asap.. it's a great time to buy..

There is a sweet-spot between 80-95K, where 1.25% is quite possible, with relatively little fixup (<10K).

Do you know if the seller is pressing forward or just taking their sweet time?

There are 42 responses, but to put it short and sweet portfolio lenders off you massive flexibility in your real estate business, in terms, and structuring.

She really sounds like a sweet old lady.

I figure these are great people to know, since they obviously have cash on hand if they are buying properties at Sheriff's sales.Congrats on this - these guys can be ruthless and sometimes only buy super bargains, but still, you now are connected with no doubt multiple millions in cash should you come across a super sweet deal.Not the first group to sell to (they are far from retail buyers) but it all depends on which ones you have met - I know in my area some of the courthouse steps guys are willing to operate on lower margins than other traditional investors because they are working on volume.

So you keeping raising your price until your work load evens out or drops off slightly, then you back your price down a bit until you find the sweet spot.

There are two very important results I hope to achieve with a purchase:- The homeowner, a 65 year old sweet lady that has been taking care of indigent daughter, receives enough money to get comfortably settled into a residence that is affordable with her fixed income.- That I can still turn a decent profit on a purchase and rehab.I am hoping that some of you have experience in this situation.

Clarify if your numbers include all monthly expenses.Nonetheless, 100% owner financing at 0% is a pretty sweet deal!