Not a great long term investment.Beyond that, if this property can't stand with his current mortgage at $360k, how is it going to stand at a mortgage of $405k?

The great thing is I am currently vp of our local 175 member strong rental owners association and will make sure I let everyone know what this companies technicians think about LL's at our annual Christmas party next week!

To me, this is the fairest contract stipulation for both parties.

That is why you want to buy below Market Value.Market Value is the price an asset will trade (sell) in an open competitive environment.Defined as follows: Market value is the estimated amount for which a property should exchange on the date of valuation between an educated buyer and a reasonably motivated seller in an arms-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently, and without undue influence.The delineation of "After Repair" or "As Is" technically exists only as jargon amongst REI groups and conversations.

Some sort of marketing on your part is going to be required to find both of these people.

You as the "B" party typically need to be on title for 24 hours.

BienesNot a lawyer, but in most cases, when you rent to multiple parties it is treated as if they are one, each responsible for the full amount of the rent each month.

Actual homeowners insurance costs and property tax escrows will also cause the actual settlement costs to vary as well.Settlement costs are the actual amounts being paid to different parties which have contributed to the mortgage traansaction.

Offer to pay your potential lender 8-10% for 5-10 year fixed-rate money, 65% LTV 1st position on appraised value, rehabbed and tenanted, using a 3rd party loan servicer, pre-executed assignment of rents and pre-signed QCD that can be executed in event of 30-day delinquency (sidesteps foreclosure step for your lender), and use an experienced real estate attorney.

As a buyer, it doesn't make sense for me to spend $300 on an inspection and have you the wholesaler write a contract with someone else before I can submit my contract.What is happening in our market, is wholesalers aren't allowing inspections, want a non-refundable deposit, and in Bienes case, a large one (this is assuming that it is a lower cost property).Is there a solution that creates a win/win for both parties?