Not likely the bank with accept $250K, but doesn't hurt to try.

I am about to graduate and I have accepted an offer with a starting salary of $72000 with a note that the salary will increase to $80k in 1-2 years if I pass the PE exam.

i used to use my HM lender for the letter but he told me that the bank will not accept this.Any suggestions?

it is acceptable to pay cash for a portion of the equity in a Sub2 deal.My only 2 questions are:is balanced at 1.9, but what is it worth?

That way I know if the homeowner is open to accepting my offer before I actually write up a Detailed State Specific Purchase and Sales Agreement with all of the State Requirements disclosed, which for a property in Maryland is over 10 pages.

I've looked at a few houses and talked to some owners but today I made my first official offer and it was accepted!!!!

So don't expect a set percentage that the bank will accept.

Or accept and make everything go under her name?

Ive got my first Rental Property up for rent this month.

Ive done alot of research and just wanted to see if these numbers seem realistic to the Pros.

Rentals in the area for a home similar to this one got for $1200...

John is correct, if they accept $10, then you just cut them a check and proceed accordingly.Now I come from the school of putting down a large chunk for earnest money to show that I am serious and not playing games.There are enough contingencies that can be written to protect your money, and if I want the deal, I want the deal.I know many people will disagree with me on this, but that is just my personal preference.