The house next door just got sold for 265 (asking 279K) same issues with drainage but the owners were very diligent in combating the problem and installing french drains around the entire house.

The bad news:  my girlfriend wasn't happy about the last minute addition of an entire kitchen being stored in our pool table room.The address is 5362 S.

To get financing there are many options, but you will almost always need to bring something to the table.

They went with the offer that was on the table.  

With a 40 year amort, there will be very little principal paid down, and with closing costs, you'd likely have to bring money to the table to refinance.  

I like that you have known this person for years and that he has experience in real estate investing that he is bringing to the table along with the capital.  

What are you bringing to the table?  

I'd love to get involved in something like that, though at this time I wouldnt be bring much to the table.

I want to continue to learn about our profession and also to continue to add to what it is that I can bring to the table in terms of business relationships.It is my goal on biggerpockets and everywhere for that matter to build strong, lasting, mutually beneficial, potentially profitable business relationships.

A reverse mortgage is probably better when the owner is younger as the value is discounted to mortality tables, at 92, that table only goes to 100, not much of a discount and interest or their yield begins clicking at a higher amount.