This can occur in a very tight lending environment where rules are such that lenders "look back" at previous transactions and the result is can not or will not recognize value added by (1) a below market previous purchase and/or (2) repairs/improvements that add more to the value than there cost.The above leaves the seller with a few choices, non ideal1- seek a buyer strong enough to either buy all cash or obtain a smaller loan based on a lower value (still paying the higher agreed to price)2- have borrower use portfolio lender not needing to comply with government entity guidelines3- Owner finance buyer and either keep loan in portfolio or sell loan in secondary market4- lease option property kicking sale forward to a time when look back is not an issue.Here is the crux of the matter.

Although you may have made mistakes, the fact that you recognize them is a huge win on a personal level.

Let me start by saying I am new to this and I might not recognize a good deal if it clipped me in the head with a sledge hammer; and I would be equally as likely to jump all over something that I should not have touched.So here are the details:It's a 3bd 2ba 1760sqft twnhse in a ski area.

The value of this book is to learn how to recognize the types of people you will be dealing with for the rest of your life.I am a third generation real estate investor, developer, property manager, and financier.

Joel OwensAgreedOK my list1) Recognize that while you may be an expert on homeowner real estate you probably have a LOT to learn about investment properties. 2) Learn what makes a good investment deal.

It is not hard to recognize, and the investor was probably aware.

Education and perspective trumps money in RE, because they allow us to recognize opportunities that others can’t see – even as they stare at them.

Can be easily manipulated by deferring maintenance, not recognizing real depreciation, etc.

The IRS and courts do not view lending under biblical teachings and they recognize that the financing wasn't out of the good of someone's heart.

Factor that into what you can get for rent and know that in 5 years you won't recognize the block.Also why not purchase in the area again?