Items 1 and 2 above are much more significant when making determination if one should borrow from his/her 401k.Here is an example where it would make sense to take the loan out:Suppose you have some debt you are paying 15% interest on.

there will be many that live in each state.... turn key generally produce's a few of your trigger items not necessarily all of them though in one house.great houses and tenants usually equates to a smaller NET return... as your return goes up your sacrificing something.Unless of course you go the state your self source your deal do your own rehab and etc then those metrics are not to difficult.

Once you get that figured out, write down your qualifying criteria and what your "tie-breaker" item(s) is/are, and process your apps accordingly.

Then you get a HUD statement prior to closing that is a line item list of expenses to both buyer and seller etc. and bam you sign the dotted line and call it a day

I have one that is 86% of the ARV when you include my carrying costs, etc.

My plan is to give some cash up front and then have have the owner carry the note.

For your part at the meeting, you should have a comprehensive scope of work (SOW), a timeline, and a rough line item budget to compare his bid to when you get it.

They have a fiduciary duty to complete these items.

Also, talk to your local banks & credit unions, they tend to carry more loans in their portfolio so they are less bound by fannie/freddie rules and can be more flexible.

As for the down payment; I'm assuming we would negotiate something substantial enough for him to make his move to Dallas (like 10%-20%).Final question: if he's carrying the note (I.e.