Even still understand the risks involved by thoroughly doing your homework regarding every aspect of the deal, as you'll want to minimize the risk as much as possible (and there's ALWAYS risk in any investment).

If you can find a deal at about 60% of ARV, meaning the purchase price plus fixup are 60% of the CONSERVATIVE ARV, and you can borrow 70%, you should be able to do the deal with minimal cash.Not sure what you mean by "appraised value".

They may be able to help structure the transaction to minimize taxes.You only pay taxes on the net gain on any deal.

You may want to look at selling some of the payments (vs. the entire note) as this would allow you take advantage of the lower tax rate and minimize your overall discount.

ExampleREO- lists for 32k and needs minimal work.

Not that those people tell lies, but they emphasize and amplify the facts that fits their agenda while disregarding or minimizing the ones that don't.

This is where you have the potential to make money on top of your auction, The fees that certain states/counties charge are minimal (at least the ones I prefer to do business with). 90% of the time I charge 300.00 for closings costs minus ebay fees for selling is 70 bucks, This leaves me with approx 230 dollars for me.

If he's looking for a lump sum of cash, he should structure the note to achieve as minimal a discount as possible.If he's fine with payments, then it should just be amortized fully, whether its 7, 10 or 15 years.Figure out what his needs and wants are; from there you can better piece together an offer and structure for the deal.

Those require a minimal amount of watering and can look nice if done well.

i checked her just liek my other tenants...i guess the lesson would be that some tenants pay, and some don't...budget and minimize risk the best you can..again, nothin you can do to predict it besides just expecting it at some point...at peter: as i mentioned, the deposit has been eaten up by rent she didn't pay, so that's a non issue, but i like your thinking-my time is money, and that's why i intend to not sit out there in the heat for hours upon hours...at mike: thank you for coming closest to answering my question...lol....all i want to know is what is a reasonable time frame to allow her to get her crap out...i wanna give her an hour...maybe 2, and that's it..i don't plan on wasting my saturday there while she moves her crap..again, i may just arrive 2 hours before our scheduled window and set it out for her...that might be the best idea..thanks again guys for your advice