Hi Everyone, my name is Carlos I’m from Toronto, Canada. I’ve invested in property in Vancouver and Toronto but have recently decided to take the plunge into the US. Hoping to connect with fellow Canadians that have i...

The seller would use this strategy when they don't have a lot of equity in the house.

Cash offers are often particularly appealing to sellers because they eliminate the uncertainties that come with financing, such as loan approval or appraisal issues.

Quote from @Brandon Croucier: That’s a killer loan if they are actually offering that.Seems extremely below market value as even primary mortgages are higher than this right now.I would beware of a bait & switch on this. 

From a tax standpoint, there are additional disclosures to make when selling a business asset for less than fair market value to a related third party. 

Contact potential sellers who are not actively seeking to sell their real estate holdings.  

Any action in your market regarding these rules/laws etc. ? 

Seller wants $160,000 cash out which leaves $50,000 in equity for the buyer.I had a taker from CA but he couldn't come up with the cash.I was not aware of anyone that understands that kind of deal.  

Hey All, I’ve found an off market duplex in need of some repair (estimate unknown as I haven’t been inside yet).

We're willing to live almost anywhere in the greater Sacramento area based on what we can afford, provided of course that the property is in a decent neighborhood that has a good chance of attracting responsible tenants.As for budget, I believe we could get a conventional loan for properties up to $600k, but my strong preference is to find a distressed property (or seller!)