Do you have a no smoking policy?

So I bumped the property value to $35K and the loan amount $25K which was ok, It's a bank foreclosure that's in the redemption period with my Dad, and of course she was frowning on that because she's not familiar with that kind of transaction.She also told me I would need 14K cash at closing, which I told her I had which surprised herShe was trying to get me to do a no collateral loan which of course would be easier but the interest rate is 9.5% for I think 5 years and the monthly payment is $350+....vs. the 30 year which would be $126.She said she has to talk with someone because this is not a conventional loan and she's not sure if she can give me the 30 year....she mentioned gouging??

@Natalie Kolodij @Austin FauxI went and looked up on the MAO calculation and it seems to me, most of the research tells me it's (0.7*ARV)-Total Repair Cost (and any Wholesale Profit if you are a whole saler but that doesn't apply in this case).If we apply that in this case, the MAO would be (0.7*320k)-(30k+210k)= 224k-240k= -16kThat makes is a 'NO DEAL.' 

I have looked in to the down payment assistance program with my lender and I make to much to qualify and my fiancé doesn't make enough to qualify for the loan on her own so unfortunately that's a no go.

Suggest you hang your license with a brokerage with a no monthly fee as a referral agent.

Operate under a "no surprises" motto. 

Bought first condo on east side of Oahu on a no money down 5/5 arm loan 2.5 years ago.

This was a no brainer.

Do you just keep counting your pennies until you have another 20% saved (10-15 years later...)Generically speaking, duplexes are about 500k, cap rates are 8% (according to the "always honest" listing agents)Do you sell your soul to get a ''no money down'' loan on another property?

I’m sure that’s a no brainer and doesn’t need to be said. :)