In my opinion, both banks are going to balk once they find an investor in the middle.

Not ghetto, but lower middle classs, working class if you prefer.

Meet in the middle at 95K.

Everyone knows I do this and I tell prospective tenants that I'm a nice guy but when it comes to business I'm by the book...........you pay late your served 3 day pay or quit ...........If your ever later than the 5th your gone........I always stop people in the middle of their sob stories and tell them to tell it to the next landlord they intend to have.

:DThat sure makes sense, being in Central CA, I can say it sure gets hot in the middle of the day in the summer and the weather is perfect say around Spring and Fall time but yeah, I can see where trying to do a rehab in the dark wouldn't work.I am in the process of trying to find a property to purchase to rehab and then sell but have yet to find the right one.

I would keep countering at $2K increments until you both meet in the middle or find out their bottom dollar.

, she signed some papers to receive a 1/4 acre lot of land as part of her parents divorce settlement - the land was in - a new planned community in Navasota, Texas.She forgot about the place, until about 5 years ago when we were asked to pay back taxes - We complied, paying probably 400% of the value of the property itself in taxes (We were not aware of any alternatives) - since then we have been paying taxes on time.We once went to view the land (there is no house) - safe to say the community never "took off" - there are a few houses enclosed in woodland, with the occasional manhole cover in the middle of the woods.

It does vary depending on what state you are in.I would put as little money down as possible because whatever money you put down on the home has an oppurtunity cost equal to your interest rate less tax deductions.Lastly keep an eye on the market and make sure you don't buy in the middle of a property downturn, try to buy when the market hits rock bottom.Good luck

Why is the genius that can teach you to make $500K a year investing in real estate flying to Chicago in the middle of February and trying to extract $2K from you?

A third of an acre in the middle of town.