I have a good income so not desperate for immediate cashflow, but markets with high likelihood of appreciation seem like they’ve gotten so expensive that I won’t even be able to make the 20% down with my 50k budget.

@MJ S.If a borrower goes into default they will get desperate and do anything to stall including filing a wrongful foreclosure suit.

We were able to purchase the house for a very good price because the seller was getting desperate and they were in contract on another home to purchase.

We were able to purchase the house for a very good price because the seller was getting desperate and they were in contract on another home to purchase.

@Nicholas Aiola I was searching online for "cpa real estate forums" in a desperate attempt to get a 2nd opinion and somehow it brought up this thread.

And I don't really mind when people use some of these alternative products out there...but some lenders are very desperate for business right now. 

They were desperate to sell the property since there was only 3 homes left.

With hospitality workers, Amazon warehouses, teachers, nurses, college students and many others desperately in need of affordable housing, the market itself is enormous.

Maybe you take it because you might be able to make a couple of bucks for no money down, but add in the risk of Sub2 and I think I'd pass.If this makes money, why is this guy so desperate to give it away?

The perception of desperation, failure to acknowledge personal space etc. could be some of the negatives of such an approach.