You can raise your offer but put the sale contingent that offer price be equal to or greater than some percentage of the appraised value.

Apply those rules equally.

It's equally insane.

If you do obtain financing, unless its equal to hard money, cash basically, you'd often lose out on purchasing houses to cash investors, even if you offered more money, the cash is king in this market.The houses that are $5000 are not in tip top shape, most need quite a bit of work, and will continue to need work.

In the end:I watch tv shows (DVD/net), use public transport ( I love New York City) and when courts allow, my not-yet-here husband can buy a pair of Prada shoes to celebrate equality.

Maybe the discounts to build are not equal to the discounts available through foreclosure?

I am having trouble seeing what kind of expenses can keep coming up that would equal half of your monthly rental income.

When creating the loan the Owner would reference the Applicable Federal Rate for the month the loan was written and set the interest rate at a rate greater or equal to the Applicable Federal Rate.Must report to the IRS the total amount of interest paid by the buyer at the end of each year. (1098 mortgage interest statements)Seller must record the buyers payment, calculate the changes to the principal and interest, subtract the appropriate amount for property taxes and insurance.The buyer can destroy the contents or the property and let it fall into foreclosure and all the seller would receive back is the property.Buyer advantages:Easy qualification, buyer can have poor credit and still qualify for note.No loan costs.Faster Closing then having to wait on a bank to qualify and close the deal.The buyer has time to repair their credit and then try to qualify for a conventional (bank) loan with a better interest rateThe main hurdle you have is in how you approach the home owner.

-Should I put 50% onto one card, 25% equally to the other two?

I form real life relationships with the TOP REO Brokers, not just anyone with a listing, and thorugh those relationships formed, I am able to make offers that are equal to the banks BPO approval amount.