Actually Ben is right on point, No experience in construction you would need to come to the table with at least minimum 50% -60%.

My opinion is that this is only a good idea if a short sale is not on the table for some reason.

Many of the larger banks are putting resale restrictions on their deals, and the buyers also have to sign an affidavit at the closing table stating they don't have any deals pertaining to the property that aren't disclosed to the bank -- if you had a side deal, the buyer would be committing fraud.That's going to be the big hurdle...

Seems like you're just leaving money on the table by buying the original...I'm going to wait for the $10M version...EDIT: That was just an attempt at humor for anyone who thinks I was serious

You could try to take advantage of a VA loan since your husband was in the service- i know they allow for a 0% DP and you can propabally most of/if not all of the closing costs paid for- you may be able to get away with next to no money at the table!

Looks like it's been on his table for two months.

Go out find a seller that needs to sell their house and leave your buyer plenty of meat on the table and they will be looking for more from you.

If you can do the work, find sellers (i.e, do a LOT of marketing), find real deals (most deals I see from wholesalers are junk) and then get those deals to the closing table, there's money to be made.

Yes I am a noob to real estate investing, that may not bring much to the table.

Most servicers will also buy the note at the table.You might be better served by asking brokers if they can ''fund at the table" with an assignment.