Regardless of appraised value, banks generally won't loan you more than the sale price * LTV (with some exceptions, but those are more along the lines of construction loans / FHA reno loans / commercial fix n flip deals / etc).

We have family N Chicagoland and have looked at Milwaulkee, Hammond, Merriville, and South Bend. 

At this point I want to schedule a time to meet with him at the house and do a once over to check big ticket items over and determine what needs to be done to make it market ready, determine whether this is a good rental or a fix n flip.

If they will steal a grill, will they also rummage thru open cars at nite, or break in the house for easy grab n go stuff that can be sold at the pawn shop?

Anyone fix n flip condos?

@Matt Sosa’s ya just lived here a few years after 2011 been back n forth east n west

@Tania Reuben @Jazmin Galvez @Elias Valdez III @Simon ChanHere it is.https://www.biggerpockets.com/forums/521/topics/759022-oos-investors-group-kickoff-meeting-n-e-los-angeles-county?

@Shadonna N.

For the buy, you can use cash, HELOC, PLOC, conventional loan, fix n' flip loans, bridge loans, etc...

Any zero appreciation market that projects cash flow below $150/door in non commercial residential (less than 5 units) will, IMO, eventually (for the buy n hold) not be worth it even it the entry cost is real low.All this is my opinion for the majority of newbie investors.