I find properties at a huge discount to market value (the properties find me); I go the the bank and borrow the money; and I rent the property to tenants.

If you want to qualify for the lowest interest rate and borrow the amount of money you need to clean your credit record with good scores is really a must.

When you can get, say 70% LTV, what I want to know is, if I sign a contract to purchase a property for $70K that's a genuine bargain, and is worth $100K, could I borrow the entire $70K purchase price (ie 70% of valuation)?

I can always borrow 10k easily from a relative.

I am looking for financing to purchase a 2+1.5 townhome; 1178 sq. ft., 1984 construction available for me to purchase @ $84,000; estimated necessary repairs = $4k. Estimated fair market rent = $1200/mo. Alternative st...

Some other people did and I plan to borrow it from them.

The borrower must front the cost of repairs and then be reimbursed from the rehab escrow account at each of the five draws allowed.I think, with the current mess, they'll bring back the 203(k) loan for investors, but with more oversight features to (attempt to) avoid the fraud associated with investor loans.By the way, the news is that 50 new FBI agents have been added to a task force in Southern CA alone to address mortgage fraud.

You can borrow against it's value, but that again will put you in an increased interest/principal paying position.Just my 2 cents...

A preforeclosure sale [short sale] involves the sale of the property by the borrower to a third party for less than the amount owed to satisfy the delinquent mortgage, as agreed to by the lender, investor, and mortgage insurer.

The conventional mortgage wants the borrow to have invested the 20%.