If you get a contract with them, then its you are a principal in the transaction.Jon

i quickly found out not only could i do it, but i enjoyed working with corporations and principals better then residential borrowers.

The person in direct contract and with a pre-existing formal agreement to help the seller move the product.Buyer's mandate would be the opposite.Some use the term when they want to say they are direct to a principal.

There are some who have a 9 to 5 just on general principal because they wish to work.

we really aren't talking about alot of money, but to me it is the principal of the thing.Total withheld was $139.$92 has to do with the lawn/mower$30 for Cutting in August$15 for each time cutting in October$32 for fixing the wheel on the push lawn mower (don't know any more than this)Yes, he did use the same mowers.

School Loan (US DEPT of EDUC) - $50K - paying $500 a month (basically onl 1/3 of the payment actually hitting principal :cry: ).

My father can do or coordinate all the repairs himself.There is an HOA fee of $64/Mo for a pool and clubhouse.I'm looking at 68% * $249,900 (low end FMV) - $10,000 repairs = $159,93270% * $249,900 (low end FMV) - $10,000 repairs = $164,930Although my agent might think it is too low (she tried to get me to go in w/ $180K but I stuck to my guns :protest: ) , I'm going with everyone's advice on here.I am starting my offer at $156,475 and will work up to $165,000 max.My realtor is having me get a Pre Approval for $157,000 (already have one for $200,000) and a $2000 Good Faith check to strengthen the offer.Using Wheatie's spreadsheet he used for another person ( I hope that is ok :lol: ), I came up with this:2 year Rehab worst case$165,000 Purchase Price $3300 2.00% Purchase Closing costs $19,200 5.75% Interest $4,200 Holding costs (24 Months of mortgage principal payments, right?)

Which I would certainly turn and pay towards the principal. 90% should still put you over $100 in cash flow per month.

Therefore, I am getting the principal paydown as if I had purchased it with conventional financing.

So in other words I'd be able to rent without paying any extra out of pocket from what I'm paying now , the interest income would make up the difference, and I wouldn't need to touch the principal from the sale of my townhome.