Many times, fix/flip deals have properties that are in below average condition.

Of course all American taxpayers, and their grandchilren will be paying for your (and lots of others) mistakes.So although all of us on this site claim to be pure capitalists, we will be happy participants in the SOCIALIZATION of the mistakes of people who spend more time researching the purchase of a $20K automobile than a $200K house!

Especially during these tough market conditions.

The home is in my neighborhood and I have been in it several times and am not too concenred with the condition.

That means they work fairly "neatly", or as neatly as conditions permit.

The homes (single family residence, townhouse, condos etc…) selected for this program are in good to excellent condition, in nice neighborhoods and usually do not require rehab.Qualify Credit Partner.

If I KNOW that a house is empty, and I KNOW the seller is an investor, and I KNOW they want to get rid of it.....how can I profit from this condition, with the least amount of risk?

i'm currently in the process of buying a 2 family home with 2 additional store fronts. this is my first venture into real estate investment so please excuse me. the property is listed on Zillow.com for $191000 the owner has agreed to $90000 in as is condition. the est. cost to rehab the property is $60000. i will be doing alot of the work myself so that price will be coming down closer to $35000. my question is if it is possible to setup the financing to get cash on hand for the repairs or does the money have to go into escrow. thank you for your time.

If they quote a higher price, I say "the most I could pay for your house in good condition is $XX,XXX."

Depending on the prices, areas of the country, economic conditions and so on, it can be very difficult to find cash flowing properties.