I just had an investor/buyer walk out on me at 155k because he was freaking out about the legality of the transaction but I had a 170k cash offer waiting in 2nd position :) Smile all the way to the bank :) :) :)

If the market is healthy and buyers are paying full price for MLS listed property the bank will not want to take a low ball offer.

Always has a smile for them.The way he figures it, they are willing to pay more for theadded flexibility financially he gives them.

The deal should be able to support paying the added cost and still leave you with a healthy profit.

The fact is that no one has any idea what the market will look like a month from today so jumping into a project with a long timeline that hinges on a healthy market is very risky.

My understanding from the book, is it is important to purchase a property with a healthy amount of equity in the deal from the get go.

Add in a very healthy security deposit and I bet you can find people willing to take this risk. 

If this credit union will do it, great for you.When you’re in acquisition mode, don’t forget to keep healthy reserves.

Many times local planning staff are all smiles about tiny homes but after running down the trail a bit you find it's more of a personal thing and the local code doesn't work for them.

Also, due to my mother's mental health, I have PoA over all her affairs including her home where she owes 45k with an interest rate of 6.9.