I doubt they bought it in the traditional sense, they ended up with it most likely, so I'd say it will be sold. :)

It's complicated with web leads because with the traditional conversion tracking in AdWords, you can't link calls from the website with the ads they saw.

Thanks,Christian

The term "conventional" refers to traditional loans that conform to certain guidelines that Fannie/Freddie have put in place.

If you can find something in the 150 range, rents are ~550 so you'd have a GSI of 2200 with 50% puts you at 1,100 with a traditional NOO at 25% down at 5.25 your mortgage is $621/mo giving you $120/doorWith a FHA loan you'll be in negative cash flow unless!

Traditionally some closing costs are tax deductible for primary residence.

We are sticks in the mud who buy through a realtor and use 30-year traditional financing.

If I am looking at a condo unit that has traditionally been Section 8 housing, can it be purchased and converted to regular rental condos easily?

Additionally, consider that you could do a 203K FHA construction loan to purchase a "fixer" since traditional FHA loans require the property to have no "defects" such as peeling paint, etc.

I will see if he's open to seller financing by giving 2 offers: one with traditional financing and another offer for seller financing.