Google it and you will find plenty of help. 3) Ask if they are interested in selling4) Negotiate a deal5) Get it under contract6) Market it to resell itThat is the general process.

Despite the furnace and water heater being old, and the siding needing replacing in the next 5-10 years or before resell, overall it is in great condition.

So they denied it on this one MH fact, and said they could not give me a loan they could not bundle and resell.

It also appears we have an issue with any loan to value with limited funds, another situation that a private lender/friend could overlook but not a hard money lender.Until we get some feedback from the listing agent on what the seller might be willing to do, it's kind of dead in the water, unless private funds can b located or a straw buyer comes forward and then re-sells the property.

So last week we closed on a single family that we plan to rehab and resell.

But I was so turned off by the landlord challenges and lender issues in that price range that I turned to re-selling in most cases.

My goal was to renovate and resell to the retail market.

Hi Naveen...thanks for the reply.....You're right $200000 is non existent in our area so Im actually looking out of state...Going to Austin on January 30...I understand the trends are very similar to the Bay Area...lack of inventory,multiple offers so on...that doesn't scare me away ;0) For my dolling up and reselling goals I do have a larger budget so will look here in the SF Bay Area....Love your email....What ate your goals?

I like MLOs...1. lease and option for low NOI.2. get private money for repairs with no interest for a while (moratorium)3. fully rent at higher rents (higher NOI), wait 12 months4. either buy LO and resell or- assign the deal for a fee.

The trick is buying a property for the right price so that doesn't matter.I buy properties through tax deed auctions in 13 different counties here in florida.I usually purchase these properties for 60-70 cents on the dollar then resell them for market values making big returns....