Total rent for a year is $10800.

I would then total up what the house needed.

There some great information on here and its totally FREE.

I've been two a total of 4 REDC and Marshall and Hudson auctions.

A TOTAL BUYERS MARKET SO FLIPPING/REHABS/ETC...

In either case, whether you have had this type of negativeexperience or have been fortunate enough to escape such a peril,it will be a refreshing and rewarding treat working withInstitutional Buyers; liken unto a totally new world.2.

These can total maybe $2,000 in a year.

We basically would need to finance $133,500 total to have enough money for repairs, we guess, but a normal mortgage won’t let us go above the sales price of $113,500, obviously.We could mortgage & put the repairs on a credit card, but short term the cash flow of the house would not let us pay the credit card off quick enough.The seller cannot finance at all since he needs to pay heirs, so he needs the $113,500 at closing.I do not yet have any private investors.Any help/guidance/suggestions we would greatly appreciate!

The amount of premium you pay over rents, whether you pay an upfront "option" fee and how much it is, whether you pay a lump sum deposit upon exercising the option...totally between you and the seller.It might be easiest to estimate a purchase price -- try to agree on a timeline and whether the market will go up, down, or stay the same in your area over that time.

Maybe if Bill Gates, Ted Turner and Warren Buffet were funding the project it would power through and be a success.I completely agree that it would be an amazing tool that would totally change how real estate is bought and sold, but the logistics and legalities would be unbelievable.