But this (bulk REO) is one area where the available information is minimal.

But it is going to take some time to get them because they want to see some transaction history to get comfortable with my ability to do it successfully.I need to clarify that this loan from a relative is actually not something where I am trying to minimize my costs.

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.