If you make an offer to a seller, you should be able to back that offer at the closing table or be honest about your ability and your intentions with your seller.

As a agent/investor I've come across of few of these on the buying side and believe me these agents are barraged with paperwork (Equator is a nightmare to deal with from the listing side because the banks can take constantly ask the agent and the home seller 10x for the same info) and they don't get much commission per house (we'll make it up in volume) so you really need to bring something to the table to be able to get their attention.

As for the 3.5% down, can you bring more cash to the table to bring down you're monthly payment even further.

If you buy buy it, subject to the existing loan, with little money out of pocket, and then it appraises high enough in three years to refi without bring cash to the table, you've just bought an apartment building with much less than the typical 30% (plus costs) down payment.

So she's making very good money YET not paying rent.THIS IS A HEADACHE AND NIGHTMARE WAITING FOR YOU AT THE CLOSING TABLE.

In some contracts, it would be us to the seller to determine if they want to drop the price, and if so, the buyer is obligated to go through with the purchase (or lose his EM).But, these days, I'm often seeing FHA addenda that give the buyer the right to back out if the appraisal comes in low, regardless of whether the seller is willing to reduce the price.And yes, the lender is going to be fine with you reducing the price; all he cares about is that enough money is on the table to cover the appraised value.

Still seems like a pretty good deal to me IF she will finance.I have been working under the table for cash for the last 2 years and thought it was great til I went to check on financing.

Justin also makes some valid points, of course, since you bring other value to the table (wholesale deals)simple communication letting him know you would like him to do the extra's for you so you don't have to would be beneficial to you (saving you the time) and beneficial to him due to the extra value you bring to him.

Not that difficult, if the sinks laying on a table upside down.

We can't dictate what buyers come to the table with when we sell properties.