I did find a lender who could do loans for under 80k though so can send you his info if you’re interested!

I was reading online and saw that FHA Loans accept auctioned homes but that got me thinking.

We obtained private money, a fix and flip loan, bought the house, completely rehabbed both sides , and then refied it.

I also don't think this will improve next year.

Jeffrey - A few suggestions: 1) The loan amount would be whatever LTV you lender can provide with the cash out loan.

There are still some rough parts, but as Brian said, there is more good than bad and the City is really working on turning itself around with some significant improvements and developments.

For example, I've recently encountered more potential 203K/renovation loan deals, which has led me to actively seek out HUD Consultant contacts.

In these "quantity" areas, you'll have a very hard time finding a buyer who has a down payment and can qualify for a loan .This is an article Jack Miller wrote about the topic.Making money from the earnings of poor people is like getting orange juice from an orange tree without any oranges on it.

If a buyer has good credit he can get a personal loan to buy a property, and hence “nothing down”.  

I have been able to talk to a mortgage broker and have been approved for a loan as long as the appraisals accurately reflect the valuation.