(3 hours total) Outside of that I think we have gotten 2 - 3 calls this year for repairs outside our monthly visit.We have also developed a relationship with a local handyman business.

Total package would cost under $60k.

Is there a limit how much you can charge in points or total closing cost?

So I did my research on the property and found out that owner only paid $8000 for the house total and comps show the ARV to be around $170,000.

My agent has been immensely helpful and I can't even fathom having done this without her since I'm a total newbie.

so say you have 30k to invest you go farther investing in 3 house at 50k a piece to cover the 20% down payment against paying the total for just one or maybe finding 2 you could pay in total in cash then just have repairs on them

My other first impression is - with all due apologies if I'm totally off-base - that maybe this is a tool that appeals to lazy agents?

Total cash flow would be $104 per month with $12,400 needed for down payment and up front repairs.So how do you guys think this deal looks?

Any originator of a secondary market loan stands the risk of having to repurchase a bad loan, while they are insured the originator is not totally covered and they may see more of a reserve requirement to cover any loss, the originator may feel more comfortable at 90% where insurance coverage may be increased.

I totally agree~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~" I do not mess with buyers that have a low chance of closing "I look at my personal board almost daily :~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ReadyWillingAble Realistic