You still have flooring, cabinets, bathrooms, plumbing, insulation, paint, etc, so all that cost remains the same it would seem. 

I drastically slashed prices for the remaining dates in December and all of January. 

The remaining 40% has to be prorated.If you are not working with an accountant focused on real estate and you are focused on real estate, it may not be a good fit.

That will pay off the remaining $360 mortgage and reimburse your rehab and closing costs.

Our Private investors will fund the remaining 10% of the purchase price, the first portion of the rehab (to be drawn later from the HML), and the holding costs. 

As someone who deals and talks to real Private Lenders (small shops run by a guy who lends his own capital and doesn't use big box), they have a hard and fast business model that produces the rate of return they need to remain profitable and curb the risk on their cash.So the best product for a budding fix and flip investor is the bridge loan which includes acquisition money and construction money. 

., lighting, HVAC, or carpeting), they can claim a deduction for the remaining undepreciated value of those items.

My idea to buy a home is to get an 80% LTV 1st mortgage from a bank, take over that mortgage and give the seller a second mortgage for 50% of the 1st mortgage balance because I need some cash to cover the payments, which the amount of cash would be more than the remaining equity in the home.

For example:existing mortgage: $50kcurrent rate: 3%home value: $200knew mortgage rate: 6%Can I take over the $50k at 3%, then get a new mortgage for the remaining $150k at 6%?

This is because VA loans are tied to the borrower’s personal ability to repay and require a creditworthiness review.VA Entitlement Consideration: If you’re assuming a VA loan, the original borrower’s VA entitlement may remain tied to the loan unless you’re a veteran eligible to substitute your own entitlement.2.