If that is the case, then a very simple solution is to write in a contingency that earnest money (good faith, or whatever else you want to call it) will be deposited within 24 hours of an accepted contract.Make sense?

When the seller's new mortgage company has the title pulled, your affidavit will pop-up and the title company will contact you to find out what interest you have in the property.

So dont intially think that your broker/banker is trying to pull one over on you.

So although these conventional products may not be available in the future, local banks and portfolio lenders may be solutions for you.

.$70,860/12 months = $5905.00 NOI per month$760,000 @ 9% for 30 yrs = $6,115.13 monthly mortage paymentFor a NEGATIVE cash flow of $210.13 per month.So, shooting for $100 cashflow per unit, I would need to purchase at around $435,000.I pulled the 9% interest rate + 30 year term out of the air, so any corrections on the reality of such a mortgage are appreciated.Do my calculations look right?

I for one would like to understand how to pull this off.

So essentially you'd have no money into it but share in a % of cash flow and appreciation.Obviously in this environment it'd be a tough deal to pull off but is this how these "no money from your pocket" deals work?

Then, whne the capital expenses occur, you pull form the reserves.

The only solution I can think of is to 'try' to talk these people out of getting into the loan we know they can't afford?

Our letters pull much better than our site.