You can't settle a partial claim in less than full

I'm sure there are a lot of people who hate reading a forum that's 8 pages long, but 4 of the pages are completely irrelevant. 

Hello, I'm completely new to the field (no experience) and am interested in learning as much as I can.

For example, let's say the property "can't" go Fannie because it isn't a complete & functional home, and let's suppose the reason for that is because the kitchen is not complete, and the reason the kitchen isn't complete is because it doesn't have an oven.Standard two choices that people think they have:Hard money, 2 points up front, 70% down, 3 points upfront, horrible rate.All cash.Third choice:With the seller's permission, throw a freaking $75 oven from craigslist in there the day before the appraiser shows up, and buy the SFH using Fannie financing at 85% LTV, no points. 

Based in Los Angeles since 1997, he has completed over 2.5 billion worth of transactions in Southern California and other strategic markets throughout the United States.

Steve,I would recommend completing your profile, throwing up a picture and letting the community know a bit more about yourself to add some weight to your request.Sounds like a good opportunity for someone looking to learn the ropes. 

If you negotiate a good enough deal that pays you then complete the transaction with the investor to buy the house you have under contract.

If you look at this first property as a buy-and-hold, you will have cash advanced on the line of credit that won’t be completely paid back to $0 and you will have your own cash in the property for improvements that you won’t get back out until you sell the property.2.)I’m going to throw out some possible terms, though I want you to know that everything is subject to final credit approval.Option 1) If you are wanting a line of credit secured with the autos, we will need to establish a financial covenant something to the effect of the line will need to rest at $0 for at a minimum of 10 consecutive days.

FHA 203(k) loans are not  available to investors.Rates are going to be slightly higher on renovation loans, but still very reasonable.Homestyle has a rule that the repairs cannot be more than 50% of the as-completed value of the property, so when you're working with these really low priced properties you have to make sure the numbers work.  

They do not have retirement benefits other than SS and Medicare and the way it stands right now, we will inherit debt in a house that needs a complete rehab.