My cold caller identified this lead and I wanted to see if I could come up with a creative finance solution in addition to an all cash offer in order to give the seller options.Location: Fresno, CABuilt 20104bd, 2 bth, 1600 sqftARV= $415kTheir current asking price for an all cash offer= $390k Their mortgage balance ~120k, interest rate is 4.51%Roof is original (14 yo), HVAC is new (replaced last year), no other updates or major repairs that he's stating.Situation:The husband states his family of 7 has outgrown their current home.

:) and our mortgage will go from $2,800 to $1,300 per month! 

I had property management once tell me they couldn't do anything because the tenant hadn't given notice yet and still had some property inside when they posted pay or quit, but the power company had told me the heat had been turned off when I called to check (apparently landlord utility revert doesn't work properly if tenant just doesn't pay). 

Never paid on our very low interest primary mortgage. 

You'll want to explore getting properly licensed.

Time is the most precious thing you have, If you have done your job properly then the only properties that you will bring them are ones that they should be willing to make an offer on..

When I purchase a partial, I take full assignment of the mortgage/deed of trust and endorsement of the note.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

They don't ask for a down payment, but they usually have higher interest rates, shorter repayment times, and stricter rules compared to regular mortgages.

Can I put the mortgage interest as a deductible for my real estate property in Schedule E under other section.