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.

., 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.

@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.  

It looks like a quality buy with sustainable rental income.

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

Because you will now have the full knowledge of her issues as well, and are not guessing what is happening, and you may be able to offer a solution to stop the junk being thrown onto your yard.I would approach the conversation with her like this:- Knock on door- Person answers the door- "Hi, my name is Corey, I am your new neighbour and I just wanted to intriduce myslef and get to know my neighbours personally and hopefully start on a good note with everyone"- Conversation happens here- "Before I go, I just wanted to ask, there has been some items and garbage been thrown into my yard for the past couple of days, and I am not certain what is going on, and all I want to do is solve this issue peacefully, so I was wondering if you know of anyone doing this in the past or if it was for a particular reason?"

I'm just wondering how far you want to scale up and at what point do you want to hire more out and automize. hey william,all good questions. i have not read that book, but i will see if my library has it. i actually do not have a monster day job, just a worker bee engineer without any dreams to climb the corporate ladder.i do not have a rentals limit, i just whatever fits my criteria and my style. by style, i mean, the house needs to have a curb appeal and be in the right area. there are TONS of houses i passed on because they were either "ugly, weird layout, or in an area that wont attract the tenants i target. if i have the money at the moment, if i like the house and if my crew is running low on "projects", i just get it. i have been holding a few houses for the past 8-9 months just vacant in case the market dries up and i need a large project to work on.I have not much work on the houses for awhile. i still help out if i have a few hrs off here and there, but my crew keeps me in check by working only 8-5 and no weekends. so it's easy to just check on the project when they are not there and since they are not there to work, i just leave. i have a good team now, but do not have anyone that can oversee everything like i do. maybe it's because it's all mine and i know it inside/out, but no one will care for it as much as i care and know everything about it. i have spreadsheets that show purchase price, move in, move out, any changes in rent, if they have dogs, what insurance i use, when's the garbage day, what appliances came with which house, water payments for the year, furnace filter size, etc, etc... i update those as the "issues" happen. no one can do a good job unless i pay them a lot of money.my current payroll is ~120k per year, all sustained by the business.i think about quitting my day job often, and i certainly do not need it. but it's easy money, and the biggest fear i have is rentals drying up, like they have been. then what am i going to do?

Looks like a solution with a lock you only have the key to.