I saw your other post too and noticed that 4.1 is the asking price, not the price you've decided to offer.

I have been lurking these pages for quite a while now and taking in all the great advice and insight so many experienced people have to offer, and decided it was time to ask for some advice on my situation.It looks like in the near future I will have the opportunity to buy a home from my mom at a pretty steep "family" discount at $35K if I want it.

LTV, rates, and terms will depend on the...Borrowers qualifications Amount of equity in the deal Exit strategy You shouldn't expect for a lender to commit to offering 100% financing without first showing them your track record, ability to service the debt, and credit history.

What are your wants/needs and what do you have to offer?

I'm looking to send a letter that is professional because i'm an agent in a smaller town where I'm well known, but I also want to offer to buy their house and suggest there are other options as well.I'm not comfortable doing the typical yellow letter style mailer/postcard, I know many people get results with those but I'm uncomfortable associating my brand and myself with that style of marketing in my small town.I've read on BP many people that have simply sent a professional letter and had great results.  

I just wanted to offer you some encouragement as you're just starting out and welcome you to the community, I hope you find the information you're looking for.

Let me know if you would like to sit down sometime and discuss what this market has to offer you.Sincerely,Joseph

If not, maybe one of the more experienced members like John Fedro, Ken Rishel, Or Bill Gulley would be able to offer their advice?

(I'd rather assume high and be pleasantly surprised when it comes in lower.)Liens: $30,000Rehab: $100,000Holding costs: $6,000It looks like I'm looking at $136,000 before any amount the daughter wants, so that leaves maybe $4,000 to offer to her.

I completely agree with the post above ...find local lenders, build a relationship with the commercial side and discuss what products they have to offer.