Let me tell you how they got the “deal” from me. $150k down, 5 year balloon, 8% interest, no inspections, repairs, or appraisal, $20k over asking, and most importantly.

You want to be understanding and not "kick them out", but at the same time let them know you operate differently than the previous owner and if they would prefer not to operate that way that's a decision they can make.

, let’s meet up and chat!

Your biggest issue is that $50k may not let you get a nice house and have any reserves.

Let me know the best way for me to get in touch.

If you have any recommendations, please let me know.Thanks again.

v=8QPipxwcGMg&feature=youtu.bePlease let me know if I can be of further assistance.

My budget is in the $200-250K range.Please feel free to let me know if additional details would help, and thank you in advance for your time and advice! 

@Duarte MarquesPossibly but highly not recommendedFor those with no real estate experience or experience in taking on debt, it’s not easyTo do it also with little to no down payment or reserves in most occasions will end in disasterReminds me of when in high school a friend used to let his dog drive his car.

Not bad, especially considering it’ll take about 9 months for permits and a year for construction.Now, let’s say you decide to do a lot split with two 4,000-square-foot duplexes.