If you want the seller to come down substantially in price then write a very clean offer.

Depending upon how good you are at this, you can realize a substantial income by wholesaling. •Partners – Your credit may be badly bruised temporarily, but if you stay motivated you can find partners with cash to lend on a real estate transaction.

I like a substantial cash cushion but am only getting 3% for online savings, and my first rental interest rate is nearly 7%.

It looks like the dollar took a pretty substantial jump in value.

I may be wrong here but isn't FHA reducing the number of investment property loans to 4 per person and if that is the case wouldn't be hard to produce a substantial income from just 4 properties.

Just exactly how substantial of a downpayment is needed for a loan of this size?

There is a slight chance you can accomplish both, but only if the following scenario has occurred and can be substantiated.

Many a newbie (including myself) has made mistakes in taking properties like this.

(I have done that before but it usually requires a substantial volume commitment.)Some "other" brokers will take your deal to a portfolio lender and charge double and think that's Ok because they are providing a service but you can do it easily and much more cheaply on your own.Just my .02 because I invest to make money not give it away,

I have bought lots of foreclosed houses that had substantial taxes owed, but not 1 f&c.