I would bet anything you can't come close to 2% in california on anything.

You could put in a 5 year balloon, giving the buyers plenty of time to refinance you out.

Looks like I just need to find a lender who's willing to escrow the funds and allow the repairs after the close.Does anyone have any thoughts on using a hard money lender to close the deal and then refinance when the repairs are complete?

1 - 4 are wholesaling questions.5 - 6 are lease purchase questions.I bet John Jackson could pipe in here.Best Wishes to you,Brian

That's exactly what I was thinking and I knew that in order to pay them back because it would be a short term loan would be to refinance and get a conventional loan.

Then take over the loan, rent out the house for a year or so, let appreciate in this booming market, then sell it or refinance it into my name.Can they exit escrow?

Put simply, look at the deal as if you will need to refinance or payoff the underlying mortgages in about 90 days.

I bet you can find a new tenant that would be happy with your rental.

We would be in a position to refinance if need be but I'd much rather not at this point.I haven't talked at all about possibly doing a creative deal with the owner or realtor.

But I bet if you could work "Not Legal In Tennessee!"