Its really the low end product that gets recycled like this.. the new buyer will do their thing and new owner will come in and the cycle repeats.

One of the reasons you see so many people discuss FHA as an entry is because it has been a low down payment product for so long.

The only thing I have found out is that the bank sold the mortgage to "Green Tree".

We could have gone with a 203k instead of your client’s offer, but chose the cash for obvious reasons as timing is critical to my clients and they are counting on the closing this Thursday, June 18th.It’s a shame your folks do not have a contractor relationship who understands how to create a quality product, while ensuring an investor gains a healthy return on their investment.

Thanks,Mitch Hi Mitch - there is no waiting period if financing into their portfolio product.  

And if a tenant knows you'll be stopping by a couple times a year, they probably wouldn't want to set up shop in the home in the first place.You should also be aware that in TX on the Seller's Disclosure form, there is a place to check if you are aware of the premises being previously used for meth production.

I'm totally green and haven't bought a property yet but $238k sounds really high for a house that needs major rehab even with the extra land, although it's prime area being very close to downtown.

Sellers get the most out of their ads when they convey to the consumer how the product can add value to their lives, as opposed to showing the value of the product itself.

I don't like repeating myself, folks can do a little searching and reading on topics they are interested in.Not many RE companies act like Verizon or AT&T.Funny, my son started another business, his phone had a directory;1 for customer service2 for shipping3 for accounting4 accounts payable5 production tracking 6 EmergenciesAll those numbers just went to he or his wife at first.....LOLNow, those departments are there and staffed. 

Can I use this money as a down payment for a conventional product/hard money skin in the game?