. - Property type (single-family homes, duplexes, or small multifamily)- Min/max square footage or number of bedrooms and bathrooms- Desired cash flow or ROI metrics to ensure profitability- Property Condition (turnkey, light cosmetic fixes, or heavy rehab)- Neighborhood type (A/B-class areas for appreciation vs.

I’ve seen cases where the lender filed the deed in lieu, then when the borrower threatened suit offered them a cash settlement to forgo litigation.  

@Johnny Lynum we did offer them an aggressive cash for keys amount to get them out as soon as possible.

Purchase price: $690,000 Cash invested: $172,500 Took a gamble on a larger single family home in an up and coming master planned community.

Not possible, 85% max LTV on a purchase or straight refi, 75% max LTV on a cash out refi.

Second to cash in the bank is HELOC cash because you can use it however you want (you just have to see it already in an account).

Bought a triplex in 2011 with all cash in my retirement account.

Purchase price: $136,000 Cash invested: $90,000 Sale price: $260,000 full renovation from studs What made you interested in investing in this type of deal?

The fix/flip might be a good way to get such a relationship started: usually has lower cash out of pocket requirements and you can sell the property faster to recoup the capital invested, plus any profits.

In order to do this, you need to have cash or cash equivalent for that one day that you close.