Duplex is selling for 100K Rent Roll is 1800 per monthcost are 1400 per monthBank will finance 70% I want the bank to use equity to finance the other 30%Can I use that equity in the land as my "skin in" to get the bank to finance 100%?

Washer's fine, but dryer takes 2 cycles to dry the clothes, and one tenant is complaining.Should we replace the dryer, and if yes, with which brand of COMMERCIAL dryer (maybe Speed Queen?)

If not I wanted him to have some skin in the game, so demanded a partial upfront at least or some other arrangement.Now on properties that would have a holding period on resale imposed by the lenders I used to have the seller sign a new contract with the buyer and pay me with a note and trust deed on the property to cancel my end which was paid off in escrow thus bypassing the holding period.

Will is almost right, both are back to back closings but in escrow world they are differentiated by the terms wet closing and dry closing.

If the termite damage is dry and not wet, there is a good chance the termites were already remediated.

Prior to that I was building spec houses but once the new sales market dried up I needed to find another to continue to invest in real-estate and property tax sales seemed like the best thing I could find.

Close a few more 350K deals and you should be able to build capital easily.Most HML's will require some skin (money) in the game.

Look at a thread up about foreclosures drying up, I just made the same comment I'd make here.

If your skin is too thin, perhaps forum posting is not your cup of tea.

It's definitely a competitive market between the investors and the drying up inventory.