So in other words, even though you might have an LTV of 25% the bank may not let you get back the money you put in as then they will be the only one with skin in the game.

I select for special reasons why they have to have my house.- I walk out to their car and make sure it's neat, messy car they'll wreck your house.- I schedule an odd meeting time like 1:15 Sat and say I'll only be there for 1/2 hr.

Plus I got the Cash Flow game.

Now on the final coat he is playing the same game of not answering my calls or texts.

Jenkins Ramon - What I don't enjoy:- When things break- Having to call tenant applicants to tell them they didn't get selected- Too many good property deals and not enough money to buy them all

Could put a carefully selected short-term renter in there for 6 mths to cover overhead, then do your repairs in the winter and list it next spring, targeting a signed contract at the 12-mth mark.Of course, you can try to sell it for cash to a hedge fund after you repair it.

If you mean for getting a loan, then anything is fair game.

I am impressed that and you already noticed opportunities in tear down and rebuilding this early in the bowl game.

Congrats on jumping into the game!

No real rule of thumb to say a discount will be X%, depends on many factors.I agree with Wayne that you'd be better off with private money, problem is they are usually short term, but there are some little old ladies that would love to get 8/9% for 10 years for the grandkids, but that has other issues too.Now, if you're buying a 100K property for 70K you might do a 90K loan and you may get the 70K, the trick is not to go over the market value of the property and show that you have skin in the game or compensate for the skin like a pledge of other assets.