What minimum down payment is typical nowadays on OO property?

I've heard 60% ARV is a good deal for rehabs nowadays if I can convince them; so $210k?

I too have seen carpet around 16-17 a square yard nowadays.

Your plan isn't perfect, but whos is nowadays.

I've been getting leads and talking to sellers for close to two months now and many of them have Free & Clear properties.If the asking price is too close to the ARV, my choice is always to talk them to seller finance the property.I've being told by other experienced investors that buyers nowadays don't have huge down payments.

Here, two layers are legal, but I'd never do it, nowadays you want (and its code in a lot of places) to use Ice & Water shield under the shingles in some areas, and that needs bare sheathing.

@Joel: As with a lot of markets nowadays, there is quite a lot of saturation.

They don't have a Blackberry app (not too sure who would really invest in creating one nowadays), but they have an iPhone app in progress according their their feature request forum.It has an integrated general ledger among other things (balance sheet, income statement, etc.) , can track/assign tasks/work orders, allow tenants pay rent, you can pay vendors and property owners, etc.

Given how cheap money is nowadays, 2% if found provides VERY nice returns.Please note this assumes $0 repair cost after closing and excludes closing costs involved in the actual purchase.

Nowadays, i am trying to learn wholesale.