Hello,I recently just purchased a property that we will be doing a live in flip with.

So…either the cheaper property has to be close, or the gain has to be massive. 

Hello @Jeanette Land - (Great last name by the way to be into Real Estate)...

You'll find stuff on the market, you have to be fast.

House needs some Interior Cosmetic Work, Wood Fence Repairs and some Plumbing Work.I want to turn and run, but I recently heard where there is a Problem, there is Opportunity.I thought this might be an interesting Case Study.Thanks for the Ideas.If they owe $180k on a $210k property and its a year+ behind then they probably owe taxes and other bills as well.

I am looking at some Repository list properties, due to these being on this list it is to my knowledge since they are from judicial sale they will be provided with a free and clear title.I am noticing 2 things on some PINs either the pin is for a "improvement only" (trailer, garage etc) or the name on the repo list does not match the most recent on the GIS pin.With these situations does that mean if its improvement only you would only own the trailer for example and not be able to do anything with it as the land is still theirs? 

We can lend up to 100% of cost but LTV must be 75% or less.

Yes the loan would be secured by the land initially and then everything affixed to the land as you develop it.  

As for your question, you can definitely make a reasonable offer below asking price—with "reasonable" being around 5% to 10% off asking.

Another option could be certain areas in the Midwest, like Indianapolis or Cleveland, where similar deals exist.