It was a personal referral, received a credit at closing for renovations as well How did you finance this deal?

- My first thought is offering cash, but the home owner would most likely just let it go to foreclosure because of how low the offer would be. - My second thought is offering some cash and taking over the loan - there are no liens on the property yet.

The price is about as low as you can go in Southern California.

Additionally, a CPA can maximize child tax credits, rental property depreciation, and ensure compliance with reporting requirements for their 1099 income.

These range low 500s to the mid 600s.  

I kept the rent low because the tenant was there for a long time. 

They started having a guy from a company called Pathways come to these events and get people to put 40k on 4 or 5 credit cards which put them in massive debt and wrecked their credit because of this dishonesty as well as other things said in the three days.2.

Originally posted for 100k over what the purchase price was I submitted an low offer and received a counter.

BUT The points they charge and interest are both way higher than normal, on some deals I ran numbers the points and interest were going to be 20k on properties where the ARV is 100k so you have to get properties at such a low price to make it work that it is so hard.

We both have good credit but my lender made it seem like there was no getting around putting less than 25% down on an investment property.