Then $10,000 / 25% then you can do a $40,000 deal.The above exercise narrows your search down and you will be more successful.Then assess your personal life situation.Example: Single/married kids/stay at home/still taking classes/etc.How do you either invest or reduce living expenses:A. 

@Patricia Steiner provided the link to the relevant change, which is specifically that:1) NO, you still cannot close the purchase in the name of an LLC and get a freddie/fanny mortgage2) YES, it is fully allowed to transfer the title into an LLC if you have a confirming mortgage and they guidance they provide to lenders is that they are not allowed to exercise the due on sale for this, provided the LLC is majority owned by the same person/people that were on the title when the mortgage was originated.so this is no longer a game of 'can I get away with this, since most people seem to be able to'.

And we are seeing about the same amount of short-term stuff in our portfolio: people take down a project, and then assess if it's more profitable to flip it right out and have the problem of finding the next one, or go through all the rehab work, it really is all a TVM exercise. 

If things are going smoothly, and we want to renegotiate terms with the seller, we may exercise our option and keep this in place for another 5 years.

Before you exercise your option you should get the bank's consent to the sale. 

Exercise or develop a relationship with a local bank, and if they say no find out why and move on to the next one.Best of luck!

Do this little exercise each and every time and soon you will become the successful real estate investor you want to become.You will profit greatly from real estate investing if you take action and share this with your family and friends.

Starting off I understand probate to be a great list but a list that might take months to close bc the nature of the probate process.Here are somethings I'm doing bc I'm on a budget as well (in terms of marketing)- Connecting with other REI in my local areapurpose: to find out intel info on investors, areas that are doing well for the wholesale approach, best practices on property acquisition approaches (direct mail, lists, digital)- Taking note on the "ugly" homes in my areapurpose: research the address, current value, building a list to check at the county for absentee owners- Contacting FSBO homes purpose: to start the exercise of talking to home owners and gaining the experience of having these types of conversations. looking on craigslist for fsbo and using the fsbo siteFrank, welcome to BP.

Chapter=0045 Basically, the trustee would exercise the power of sale to get the property back.

And assuming they do not exercise that option of redemption, then it gets wiped off the property?