If you ride around the neighborhood to locate the deals they want, how does that work out for you.

Couldn't I negotiate wit the bank too buy their performing note and wholesale it to a note buyer, then the note buyer could work out the mortgage payments to make them more affordable?

Now I understand the value of having someone you can trust on the ground and I'm not saying this person shouldn't get a cut but perhaps you should work out a deal where your partner gets a scaled % that increases over time as you do a few deals and see how the work and effort split plays out.

Maybe a 4 unit apartment complex may work out better if you find the right one?

Yes I would be conscious of potential dangers of committing to purchase but I'm not looking to do rent to own just tie this up for later if it doesn't work out I'll walk away but I think I can get a good price on this with a lease purchase and not forgo using FHA or VA in the future.

Numbers don't work out with a loan that expensive.

It's been a great 2012 already.1) Closed on the sale of one of our rentals (which was my personal home at one point).2) Closed on a tough duplex deal for a buyer client. 3) Refinanced 2 of our duplexes.4) Had record level blog traffic. 5) Started shopping for our own new home. 6) Kept up with my workout plans.I should mention that #1 and #2 were both difficult for similar reasons that Thomas mentioned.

How did that work out a few years ago with the LTV they were using on liars loans?

I have some prospects here that I'm making some offers on this week...we'll see if any work out.

how did it work out for you?