I would be concerned about buying in an area where there are tons of rentals available(ie highly saturated) because it could identify long term issue regarding rerenting. 4 bd/1.5ba Property rents for 1.50% of list price. +$275 a month, according to 50% rule.

I will look into local loans, but I think the terms would not be as good as US banks due to interest rates variations.As an aside, what how have you been identifying your areas to invest in?

While looking at some MLS-listed lots in a very upscale neighborhood in Park City, UT I identified some lots on-line that fit my "good value" criteria.

Steve, in the area i invest, I can only identify an address if i have the landlord's first and last name.

Walk around and identify the hoods you think will pop in the next 2-3 years; then focus on finding the right 2-4 unit bldg.

The loan itself still has the balance remaining identified in post #2, so the difference between PV in #2 and either #3 or #4 is the amount of principal discount being applied to purchase the note.

@Wayne Brooks The county identifies the gentleman I spoke to today as the owner still, it shows no "Notice of pendency" or Foreclosure.

I have identified some affordable properties in 55+ communities in my area.

I'd not use him on that property at all.Now, when there is no property identified as a project, that is the time to set up a partnership.

If you don't pay them back within the specified time frame, they can foreclose on the property.It's really impossible to identify an average return on investment for a flip here.