The benefit of doing that is you have more maturity and experience on you and you can even make a play for the top business schools in the country (Harvard and others).

As far as loans for the purchase look into sight unseen loan programs for auctions Gives you 85% of the purchase with an adjustable rehab budget that covers 100% of the rehab upto 70% of the arv (Most of these properties you will not be able to get inside for an appraisal or to formulate an accurate construction budget) 

, look at the pattern and learn from it... figure out what the market is demanding and make adjustments.

The market crash was fueled by poor lending practices; homeowners biting off way more debt than they could afford with adjustable products that increased the debt burden above their income. 

Second, our local knowledge helps us make disciplined decisions, getting strategic benefits from our investors’ private funding.We’ve grown very familiar with Denver over the last six years.

Really enjoying and finding great benefit from the content and discussions.

Im ok with adjusting my expectations just wanted to make sure I’m seeing it the right way.I’m conceding to the fact I’m going to have to work on buying directly from sellers if I want to follow the 70% rule. 

Would there be a benefit for us to provide seller financing on a rental property with that scenario?

Sellers accepted our offer of $28,000.Bank loan terms: 20 year AmortizationInterest rate 5.50% fixed for 5 years then adjust to WSJ Prime plus 1%Waiting for results on inspection and survey supplied by seller.

@Andrew C.Yes, when the rental is placed in service, the basis is lower of the 1) adjusted basis 2) FMVSo it will Be more 35k plus any capital improvements.