Driving through a red light is illegal, but that doesn't make driving illegal.

Come talk to me at there Jeff Breglio

Can you buzz me at 954-601-4772 later on this afternoon?

So I already contacted a contractor that is willing to meet me at the property to walk through and give me an estimate.

Hey Leon,I read your post and one red flag I read was when you wrote, "The deal is a single family detached, the repair should be and going by what my agent as told me 30 - 40k and the property is going for about 130k less then market value or ARV."

I know zoning, location etc make a difference but if the land is worth $2mm after a 3rd party appraisal, will they give me at least $1mm towards the LTV or is that too rich?

I hope it won't be too costly for me at this moment. 

you have to ask yourself why would a seller in todays RED HOT multifamily market hand you a building with zero skin in the game and a huge mortgage. i have seen these happen here in the bay area on occasion and its almost ALWAYS for tax reasons. they dont want the huge CAP gains hit so they will finance over 10-15 year terms.

When you use the term like "flipping" it generally puts a red flag on the exchange.

(PA)4BR / 2Ba 1568ft2 available jun 24house ( No banks, No red tape, No hassle)IF I owner financed a home to you that is in very good condition that is a:4 Bedroom2 Full bathroom square footage is 1568for $53k with 7k down that would leave a balance of 46k that would be OWNER FINANCED to you @ 10.5% for 240 months Your monthly payment would be $459.25HOA FEES: $108.33 per monthProperty Taxes: $361.18 per monthHome insurance. $50 per monthPrinciple and interest $459.25Taxes, insurance hoa fees $580.49 for a total per month of $1100