Originally posted by Kristine Marie Poe:While I usually think wraps are a bad idea, that is what I would do here.  

Originally posted by Kristine Marie Poe: I'm curious what he meant by niches.

Marie Poe:The FHA 203 is a loan available to owner occupants for rehab properties.

Marie Bernadel Tenants are business not personal.

Marie Poe:Don't close the deal without the benefit of escrow and title insurance.

Originally posted by Kristine Marie Poe: Originally posted by @Ryan J.: What consideration is it that the house is appraised at 340k but our purchase price is 315k, leaving 25k of untapped equity built-in to the deal?

Marie Poe:Originally posted by @Justen Ashcraft:I understand the jump and dump thing, but like I said she has an 800+ credit rating, hasn't missed a payment since the purchase in 07, and the bank would be lending on the new OO property not the existing one so the risk wouldn't be there for them. 

I'd clarify with the buyer on how they wish to proceed and if they aren't interested in purchasing the property that you have under contract you can 1. find another buyer or 2. if you are familiar with notes - go for it.Kudos,Mary

Freedom toLeverage ImpactingPropertiesKudos,Mary

As a new wholesaler I would recommend that in every contract you write that you have a contigency in there or a proviso as you put it (bloody brits :D ).