The seller is offering 50% financing Details below...ARV: $460-470K          2800 Sqft.Repairs: Roof, Painting, remodeling of bathrooms and kitchen 35-45K Selling Price $310KSeller Financing $150K No interest 12 months Term: 10 years at 6%Cash 150KTaxes: $7800/yrI'm looking to wholesale it at the $310K priceLet me know if looks like a good deal?

On the cheaper properties you're often one mistake away from sinking all your profits, and that's a stressful situation to say the least.A good target for a flippable house is 3 bed/1 bath or 3 bed/2 bath that just needs a few updates, ie, kitchen, bathroom work, new paint, etc.

The rehab costs include a new furnace, repairing the floor, new cabinets and counters in kitchen and some new tiling in the bathroom (floor and around the shower). thanks for your input, I really appreciate it!

The investment is quite different than the REITs from Rich Uncles, RealtyMogul, and Fundrise (AHP buys non-performing mortgages in bulk at a discount), but the minimum is lower ($100) and they offer "best efforts" redemption to get your money out within 30 days if you need it (you take a slight hit on the return rate if it's earlier than 12 months IIRC -- 10% or 11% instead of 12%, but still a relatively flexible program).

What my wife and I have begun doing is stockpiling certain materials that we use in our flips if we can get them for steep discounts.

I found out that they want to put a 30 site glampsite including a lodge, showers, bathrooms.

When you buy an REO you are getting the property at a discount and as such, you also are expected and in some cases required to take on additional expenses that you normally would not have to. 

If these properties will be used for some sort of charity I will give you a discount.

She had many updates done to the property over the past 5 years  (kitchen, bathroom, floors, wrap around porch, etc.) and has built up some equity in the home.  

Remember cash is King and Owner financing is better.Understand creative financing, always ask for owner financing, possession, subornation, substitution of collateral, delayed settlement and discounts for early pay off.Offer less - guarantee your equity profit - some say, "If you are not embarrassed with your offer, you are offering too much!"