The times we’re re investing in just require a more creative and strategic approach than before.Disclaimer: My original post was removed by the moderation team. 

I'm originally from BR and am fairly active there. we see a lot of inventory so also happy to chat offline about this

Originally posted by @Taylor McClure:I was talking to a man a week or so ago, and he said that his friend used to buy properties that were a few days prior to foreclosure.

He ended up having to sell the home instead of renting it out, which wasn’t part of his original plan.

My markup is always lower than the original lender's because I don't spend money advertising during the Super Bowl, my president doesn't have a corporate jet, and we don't have layers of management we need to pay.

Cameras originally were 1K and now are 4K.  

I made a relatively low offer and after one negotiation we settled on a price that was about 45% lower than the original list price.

I agree with the original poster. 

This will change after the first of the year to a 30 year, 3 year balloon….620 Fico Score and 50% DTI ratio.   

makes sense. so i actually did a 2-1 buydown FHA, i have a 800 credit score and locked in a 5.875% in today's market which is pretty damn good IMO... so the first year ill be at a 3.875% with about a $2350 monthly payment including prop tax/pmi/morg insurance/home owners insurance. lease is locked in for a year at $1400 a month which makes me only have to pocket roughly $1000. the way i see it, its cheaper than rent or mortgages in today's world!...