I am looking in Colorado Springs, and every place I find doesn't seem to meet the rules that people recommend.

Bill WilsonSee what the exiting financing is, rate, loan balance, 30 yr fixed, etc.You could have him refi the rental if it has a ton of equity, take his money, and seller finance to you.If it is free and clear offer him payments without interest for $600K, and he can use that "annuity" payments to pass onto his heirs.If he is really motivated, get a really good seller financed deal under comps.Offer to pay the agent 3% up front.Is this seasonal in Colorado?

I purchased a duplex in Pagosa Springs, Colorado for $320,000 in 2006.

What an interesting coincidence, just today I posted about someone I talked to today who moved from Colorado Springs and has a house there he is looking to get rid of.

Hi There,I'm in Colorado.

Joe,Not sure what the contractor licensing requirements are in Colorado.

We will be getting out soon in our area and begin networking and seek advice from local contacts but a wondering if anyone here on BP has any suggestions or experience with anyone in the following fields in or near Colorado Springs CO.?

The IRS follows GAP, your cost appears to be 81K, unless you agreed to assume the 250K contractually under your installment purchase agreement, that can be the rub. I

Since I don't know your market I don't know how competitive it is, so I am only speaking to what I know in Colorado.

To invest $150K, as a rookie, you are in Colorado Springs.Think about being a private lender at 10% for rehabbers, no more than 80% LTV, no more than 90 days.See your REIA president about being a Private Lender.