Not a chance in hell.

There could be other surprises for a lender so why take the chance.2.

CAP rate for similar properties in the area.With those two numbers you stand a chance to see how well the price stacks up compared to the area.There is lots more to know before deciding the price is right.

Include a bit about yourself and your track record.If you can demonstrate that you have the experience to get the job done and you have a good handle on the number then you stand a better chance.

Our information is spelled out on the site please do not misinterpret it and change it around to benefit your cause but rather clue in everyone on entirety of the message instead of trying to pick something that works for you and everyone else.The rule of thumb is that the longer the item has been on your report the most likely chance is that it will be removed.

Would you by chance happen to know of any banks in that area that are good for commerical loans, or know which lawyers to stay away from?

If you originally financed the property with 10% down, chances are that you would still have basis more than the amount owed.

I use every chance I can get to help out with people who know what they're doing - for example, my neighbour is a carpenter, and if they need an extra pair of hands, I'll tag along and learn on the job.

How it's figured is for the buyer to calculate;1. how much I want to earn-let's say 20%/year2. what are the chances I'll get paid, if it's a seasoned 1st mortgage they're pretty good so we'll call it 100%3.

If you have a chance, show us some pictures of your rehab.