Use the calculators, but massage them a bit so that your MAO hits your sweet spot.... then take that figure and compare it to the ARV and you'll have your new MAO %.

Donell Cummings A few good starting rules of thumb to spot the scams are as follows:1) single digit interest rate2) no fees3) no down payment/skin in the game.If it looks too good to be true, it absolutely is.

Nice. 28k will get you a parking spot in my town.

Spot on.A few additional thoughts: The entire situation sounds strange.

The only other spot left is a door opening to a hallway and vinyl tile "rolls" over it. 

The one party who wanted it would then apply and pay the refundable holding deposit on the spot.  

If you can find something reasonable, I think it's one of the most promising spots in town. 

Not every flip is good spot to use them, but it should at least be considered by any investor that's about to recognize a sizable gain while also being subject to a very high total tax rate.

I'm also recently embracing and pushing on owner-carry second mortgages for 10-20% of the value of the property, to help stretch my funds further, although typically these will have a balloon payment due in a few years, which may put me in a tight spot down the road.

That being said I wouldn't pass up a good wholesaler deal if I found one but they are not usually in my sweet spot.