High LTV loans have very high interest rates and you are probably paying over 1% a year in mortgage insurance.If you rent it for a loss, you may be able to take those loses on your taxes and depending on your tax bracket get a good chunk of that back.

With current rehab projects in Amarillo someone could fairly easily pull a 100% return on their funds invested, and that with reselling it in 3-12 months depending on the project.

Actually, you would lose money on this deal.

We can easily supply you with your required amount and more.Garry

You could lose that much on extra holding costs is this place doesn't move due to the kitchen looking "cheapo".

You might negotiate with him to split it between the two of you, so you both don't lose out on it.I personally have the buyer write me the check directly unless a realtor is involved (agents normally won't allow it).

As a Sole P you lose some tax-free fringe benefits because you cannot participate in company-funded employee benefit plans like medical insurance and retirement plans.

you can try and lower the price, if you're ready to lose the deal.

I've been thinking of getting into the investing side of the biz for some time.I'm hoping y'all can shoot some holes in my theories and give me some things to consider prior to me losing all of my life savings.

If the house is actually worth $60,000 fixed up and it needs $10,000 in work, then $29,000 isn't that bad of a price.The thing about negotiating with the bank like that is you have to be prepared to lose the deal.