For my third house I started to show some patience and decided to walk if things didn't work out.

How to go back to my seller and work out the deal.

SBA 7a loans are of the adjustable variety, but they do not have a fixed rate option.Unfortunately, SBA loans are only for O/O properties, so if you don't occupy at least 51% of the space then an SBA loan is out the window, but perhaps a conventional loan would work?Out

Typically it is tougher to start right out with commercial properties, in your case it may work out well.I would certainly spend some time digging here on BP and get to know the members.

Hi Jorge,I'm new in the Miami Market and had some questions about how you work out REOs with Code Violations.

My expenses run about 3% of my income (I work out of home) and inform the borrower that either he or I am free to pull out of the financing prior to closing should circumstances change.

I work out an agreement with the wholesaler based on the deal.

I value time and money and if I can do one flip per year doing the work alone versus two or three hiring the work out, I would rather hire it done!

As a rental, based on the numbers you gave, that would work out to about a 12% ROI for all cash at the low end and being all in at 30k.

Chances are this loser needs to keep his nose clean or face returning to his former accomodations.Keep us posted how things work out.