FHA offers a 3.5% down payment option up to 4 units and Fannie Mae offers a 5% down option.If those down payments are too high based on the purchase price you can again, use a DPA program.

Even more after you consider the hard money costs. 2) the hard money route is going to cost you at least a few % of the loan value so it’s basically the same as just raising your offer a few percent even higher than “overbidding by an insane amount”.3) the seller’s might be taking cash offers because they know they won’t appraise for the sale price.

One of the principal industry concerns about the vast power granted to the Consumer Financial Protection Bureau was that these powers were too insulated from review….The ruling sends a crystal-clear message to federal agencies that their powers are not unlimited…We would not be at this point today if government agencies were more prudent and consistent about staying within their statutory authorities, grounding their rulemakings in empirical facts, and heeding appropriate procedural safeguards…Instead, too frequently, our regulators appear to be chasing headlines and short-term political wins.”National Association of Homebuilders - “Today’s Supreme Court ruling is an important step forward to advance meaningful regulatory reform because it means that federal agencies can no longer continuously change the law – and the intent of Congress – by implementing their own interpretation of statutes as long as the interpretation is viewed as being ‘reasonable.’

Definitely true, although I guess I could note there is one other good thing about blue cities and that is that they make it very difficult to build and thereby prices for existing buildings tend to rise as do rents (which ironically makes them less affordable and want to pass more arduous anti-landlord laws).  

I look forward to learning from the brain trust that is in this group.  

Purchase price: $400,000 Cash invested: $150,000 Sunset Ridge is a prow style cabin in Lake Arrowhead Ca.

Look forward to reading all about your successes as you continue to grow and prosper in the industry!

This will probably be my strategy moving forward! 

Purchase price: $2,900,000 Cash invested: $900,000 Sale price: $4,200,000 Refinance on 2.9mm value.

Look at the other listings in your area and price point.