Also reading "the complete stories of Sherlock Holmes" - just a different way of looking at things to help me "SEE" solutions and not just Look for the problems.

This is the solution we were able to assist Steven with. 

However, the simplest and usually the cheapest solution is to use cash (or cash equivalent) or a construction loan to purchase and renovate, then refinance onto a conventional loan at as close to 75% of post-renovation appraised value.

Loving the modern look, gents! 

., but I will also say that I had an issue earlier in the week, used the "contact us" form, and once they sent the initial reply (it was within 24 hours, but much less than 24 if I remember correctly), they were awesome about carrying on the dialogue until we found a solution.

I have been working with Gregerson Solutions for a long time and they have always done a great job on my account.

So having modern electric/plumbing helps a lot.

@joseph 70% after repaired Value minus repairs doesn't work for the seller but what might work is a joint venture with a sellerSometimes it's better to talk to the seller directly with the agent and tell them exactly how the real estate investor world works Pencil out a possible solution 70% of ARV minus repairsIf that number is terrible then tell them you would consider doing a joint venture where you would bring in your own money to repair the house and then resell it with the realtor getting a commissionI would bring in a rehabber GC where they could guarantee the repairs on a certain budget and you get private money for that amount of repairsI would charge a fee of 5 to 7% of value for joint venture fee650- 65 costs to sell with commissions and closing costs - 200 in repairs - 32 jv feeSay 350k net to sellerBeats the 291 MAO1 buy w private mortgage no payments for 6 mo2 own it and repair it with private money3 resell it w agent4 pay off note to seller and private money loan@Joseph ChillemiGo Red Sox Nation!

There's alot of bad info here and on a few threads on LinkedIn that are still advocating Seller Financing as the grand solution for getting more than the house is worth and avoiding agent listing fees.My comment above was refering to that there is a hard limit for the seller financing exemption to being licensed AND in my reading the LMLO is a requirement for using the limited exemption.  

Saving money costs money, if you have room to raise the rents that's the best solution.