pid=5431&sid=5811I priced it as low as I could to give myself room to negotiate even a small profit just so I can get my first deal under my belt.

On the other side, their belt tightening further decreased the demand against a then growing supply causing the prices to tank.

@George Blower The transaction would involve debt financing as I want to leverage as much money as I can on the deal. 

@George Blower If I do a straight withdrawal and immediately up my 401k Withholding to 15% will whatever amount I put back in over the next 3 years be considered repaying the dispersement and I can thus recover the taxes paid? 

I have just over a year (about 14 months) of experience with two deals under my belt that are producing good cash flow and have above average ROI (22.5% & 13.7%).

Definitely a great tool to have tucked away in the seller financing tool belt!!! 

I was told by several that the terms would improve as I got more successful flips under my belt. 

It's more about putting properties into a "best use" funnel and having many acquisition tools in your tool belt...one of them being a lease option.

I want to start but i know i dont have enough knowledge and credit under my belt to do it yet. so as i build both im just trying to further my knowledge.

Take 2008 for example - the midwest did not loose as much in % as some of the highflyers did, Vegas, Miami etcAlso, we are past the rust belt days.