According to the 2% rule we should only be paying $310k.It is going to be very difficult, if not impossible, to find a deal that will work here.

This looks like a straightforward loan, like John is saying.

If you've ever assigned one... please share with us how you did it... especially if you're in California cuz I know preforeclosure rules vary by state.

The state has a few specific rules that do not really exist in other states.John Corey

:Welcome:Check the forum rules before posting too much about what you market.As someone who focuses on marketing do you consider image very important?

Our county adopted rules well beyond what the EPA requires, so most of the new septics are running any where from 15 to 25K.

For the most part the rules that will apply to any wholesale deal will be based on where the property is located.2.

Also, check with your MLS or assocation to see what the rules are for taking a property temporarily off the market.Unfortunately, I have seen that if the bank knows it was recently for sale, they will not lend any money.

Check the forum rules you are likely over the line given this is a place to introduce yourself. 3.

So, the usual rule of thumb would be that if the place is worth $325K after fixup, you would want to pay 70% of that, less the cost of repairs.