Being able to purchase a property with only 5% down means you can leverage your money way more effectively.

(eg, if your lot is not the standard 25 x 125, but some other multiple where the width is actually skinnier than 25, and the lenghth is longer than 125, and you want to reduce side setback requirements, eg.) 

Quote from @Jaycee Greene: Assuming you pay asking price, I'd estimate the down payment for something like that using a hard money loan (HML) would be around 40% of the purchase price and your monthly payment would be $2,600 with an interest rate in the low 7% range (probably need a 700+ credit score to get that).

Hey everyone, I’m just curious if any of you have any good links to blogs about saving money on food costs for a family.

My plan is to buy the house subject to their existing mortgage, renovate the property, refinance it and pay off their remaining loan balance using the money from the cash out refinance.

Their focus is actually to buy rentals for people that already have money to invest, I had to go around asking about wholesaling. 

Hey Bugger Pockets Community,I just finished reading Brandon Turner's book on investing with little to no money down (amazing book btw) and I am interested in knowing what are people's experience with MLO's and seller financing.

What Actually Works:• Ask questions• Understand their “why.” 

Keep in mind, you should have already had a conversation with the hard money Lender to know their terms and process, and be ready to perform. 

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.