Once you walk a property, you often have to throw your original underwriting out the window.

Your payment may remain about the same as the original deal!

You will pay for the higher risk with higher rates and origination fees but if the deal makes sense then congrats.

(I am starting investor, please understand)So many guys are buying in second-hand market, when original can not cover their mortgage payment because of the depreciating rent, and let go of their property at great value.

Purchase price: $565,000 Cash invested: $125,000 Listed Price: $585K (originally $585K, 30 days on market).

That move created frustration on my part and the seller and had to amend the original contract.

Well, my original SFH purchased in 2010 still has its original S8 resident.

Originally, the entire price of the academy would be refunded if you invested with RTR, but from what I can tell that has now dropped from 100% to only 90% refund (not sure why they dropped it so shortly after launching).

It by no means is an exhaustive search but I also haven’t seen any co-op communities selling for 50% of comparable condos.I also know lenders that have originated loans for the co-ops in Laguna Hills and I was also reading how Fannie Mae buys mortgages issues to co-ops so it sounds like there’s a market for both qualified and non-qualified loans.

That move created frustration on my part and the seller and had to amend the original contract.