Otherwise it's creative accounting which isn't true.

You could parcel out part of that land and sell it off for development then use those proceeds to fix up your house etc.Lot's of ideas out there you just have to get creative and see what might work.  

If the numbers don't work, make your best offer and be prepared for a "no".If you do make a $70K offer and expect them to seriously negotiate with you after that, they won't in most cases.

Just be prepared for how that will impact your financial situation overall, because the interest rates on those might be in the 25-28% ballpark - it's something you'd want to have a short term horizon for paying off.

I am looking for an investor friendly bank that writes mortgages in house (my current credit union in NJ has stopped).I currently have 3 mortgages, so I'll be hitting magical number 4 soon after my move and need to get creative unless the lender is more lax.  

Any creative ideas?

I work with investor friendly realtors who occasionally will bring me MLS deals that I am not prepared to purchase myself.

I am numbers guy and have experience preparing sales projections calculating the tax implications as well as Section 1031 exchanges.

However be prepared that 2/3 of those folks purchased between 05-09 and are upside down.

Hi Samantha,I work in Chicago as an architect and just preparing getting into REI myself, we are in quite similar situation!