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.

:mrgreen: Here's just one of the claims I've handled: http://cbs2chicago.com/local/wal.mart.fire.2.1117729.html Certain people thought they had my client (won't say who) dead to rights responsible for this fire which started at half a million in property damage and $800k in business interruption losses per day.

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.

There is rental reimbursement (typically classified as Business Interruption) IF you are losing rent because of an otherwise covered loss.

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