What you may be able to do is find a buyer for this property and obtain a "finders fee" for yourself.

That can come from cash as well as the ability to obtain emergency funds.

Good Afternoon Everyone,

I am looking into a property that 15,259 sq ft lot in Washington, DC.The property that sits on it is a complete tear down.It was built in 1925,single family detached home with a porch...

Typically the contract will for say 90-120 to obtain lender(s) approval for the short sale, and if approval is granted by that time, then either party may terminate, or at some date the contract automatically terminates.

Originally posted by @David T.: There is no "right time" to be born.

You can obtain excellent information from this forumn as well as garner information from the podcasts and the learn section.

At 10% down you will not be able to obtain financing unless it's a HML.

I have to use HML to obtain a property, but if my HML doesn't allow for the covering of repairs, then I also have to finance the rehabs somehow.

Originally posted by @Karyn T:'Tis true about the prices here in the Seattle metro area. :)While I'm excited to be a noobie to "making money" in RE, I'm even more excited that my house, that we bought last fall, has already appreciated enough to break even if we need to sell.

One way would be to sign up for a pro account and advertise here on BP, just make sure you have all your I's dotted and T's crossed first.Andrew