Some Condos need 20 - 40 % down.And lastly, Home Owner Assoc Monthly $$$ dues and RESTRICTIONS suck.Like Jon Holdman said, RUN AWAY FAST.If you are an Agent, and trying to do creative financing, try market rent plus and option payment, $1000 moves you in.Rent $925 x 36 monthsYou did not say the $$$ of the PITI wasOr what kind of note it isOption Payment = (PITI + Assoc Fee $600) - $925 = ???

Just note that your refinance will be a cash-out refinance, and these normally have longer title seasoning periods (a year with most lenders) and more restrictions.

Typically there are deed restrictions which would prohibit wholesaling; although, I understand one can purchase in an LLC then sell an interest in the LLC.

Additionally, you will have loan to value restrictions, so don't plan on taking the loan to 100% of value, they will not let you do that.Traditionally, you can not use "Boot Equity" or equity from another property as collateral for a new property.

Since the contract IS canceled, there's no possible contractual specific performance issues and they simply will fight or let someone else decide about the deposit, and (here comnes the uninformed opinion) then there should be no restrictions on the sale of the house.

This way the Property did not resell, and the Buyer (entity) remains the same.That was explained simply thanksOk I get what your saying in some cases where there are resell restrictions.

Additionally, having a Hilton flag or similar will be costly to you as a profit share.Typically the deed restrictions in these types of units is very intense.

The use of those funds will be restricted to construction though.

Our rates are below what they receive in the "Consumer Market", but we are also restricted by how much we can charge the consumer for our end product by the "Appraiser" and the marketplace.

Selling of either LLC's or Land Trusts are techniques to circumvent deed restrictions and assignment prohibitions in wholesaling REOs, but banks have tightened up in terms of what they'll take as acceptable POF, have they not?