not sure about these two, but lots of builders fit this kind of mind set back then.

I have found getting seller financing is easier when it fits the situation.Have you ever experienced someone trying to sell you something that had little or no benefit to you & overwhelming advantage to them?

If the answer to the second question is "Yes," then it's a good deal for you.First define what a good deal is to you, and then look for a deal that fits your definition.

I had a question about obtaining rehab funding. if i got the seller to let me buy the house from them for say $100 bucks with a written agreement that after the rehab was done the profit from my share would split 50/50 would a hard money lender lend me 100% of the rehab costs as long as the numbers looked good.i actually found a lender that would do this they would even pay for the cost to buy the home and slit the profit after the resale 50/50 but i cant get them to email me back anymore. im just looking for another lender to do the same because rehabbing is something i really want to get into when wholesaling doesn't fit the formula. any one know of anyone.

This wouldn't fit with the area and we would never get our money back on that type of investment.The exits are likely to be around $250psf.

That's how I did it, I never hade a true contractor's license being responsible for the work, there was always someone with a license if it was required.Getting a contractor to wait on a sale shouldn't be that hard, especially on small jobs that can be done quickly, many can simply fit another job in to other work.This is not rocket science, any fix and flipper with experience can do this side of contracting. :)

I have a few questions (personal curiosity) as to how its all set up.Not that I have any one off hand that would fit the profile, but I work with several elder law attorneys in the area who may have clients in the situation you described.

I would recommend doing a search in the forums and read them to see what would fit your scenario the best.Best of luck!

There is a big 2 way fireplace in the living area but its built with plain red brick you'd see on the outside of an old building...and the stone tile on the floor surrouning it is definitely old and ugly, not fitting with te new kitchen that it opens up to.The basement would need to be completely finished, plenty of space to add a bedroom and a bathroom.I wasnt going to get real strict with the rehab numbers untill I got something from the owners as far as what they would accept.

If I remember right, we did 10 years @ 5% which fit the cash flow of the new property ok.One of the reasons that we 'moved it over' to the partnership is that the opportunity for a 30 year fixed WAS available on that first singly owned property since they owned that in their own name, so it made sense to lock in a good long low rate.