In all fairness, I think those of us on the right should step back and remove ourselves from the equation.

You're not taking advantage of a seller on both sides of that equation.

A $5,000,000 loan with 2- 3% down payment equates to putting down $100,000 to $150,000.

I don't think that the seller's agent has a leg to stand on....although you may have been approved based on your w-2 income, if you were using any rental income to qualify for the loan, then your 1040's will come into the equation, and if you have a lot of deductions, then that will reduce your income and may have been enough to kick you out of the parameters of the loan guidelines.

Oh and give in to the equation no debt, very high credit score and the ability to be full time.

In my opinion there are two things wrong with this equation:1.

So yes he will earn a profit, but if you don't have cash then you have to increase your capital base in the property (either through another loan, or by adding equity/cash to the equation).All of that being said...

I know Ebay has all sorts of equations for pricing a listing of cars, toys, etc. - and some of them are value based.

I don't equate "buying the house money" the same as "loan money".You see.

It equates to about $1500 to $1700 on a $140,000 purchase with a 570 credit score.$500 earnest, $100 option fee, $200 inspection and approx $700 to $900 on insurance paid upfront.