Russian, so you sit in a sauna between sessions and they beat you with sticks.

If so, as a homeowner, you have every legal right to pull your own permits and sub-contraact work out.

A local bank might be willing to setup a relationship with you to workout rehab loans where they finance the purchase and repair costs.

This was not my original intention but seems to work out great for me.The counter offer: same as above except the sale price raised to $54,900.What do you think?

It could be worked with but the numbers don't seem to work out with the input information you mentioned.Loan $30,000Interest: 11%Term/Amortization: 15 yearsP&I Payment = $340.98I/O Payment = $275.00I assume it is suppose to be P&I.

Be logical about what you will have to cover with deffered maintance, etc.I agree with Nathan, the return looks good provided all the numbers work out as you state.

I've seen it with a few properties in my area and it didn't seem to work out well.

The office I've been blessed to work out of is one of them.

My only advice is only take deals in which the numbers make sense to hire the work out for, otherwise you're just paying yourself as a contractor and not as an investor.

So far we've got a traditional lender and VA-focused lender, but we're looking for private lenders, transactional lenders, and hard money lenders.If you're interested in being a part of the panel (or know someone who would be a great addition), please let us know or fill out our speaker suggestion form and be sure to designate the interest in this panel.The conference sessions are looking great so far and we're looking forward to finalizing this panel to help complete the stellar lineup that we've got committed.Note: There are a few potential other openings . . . we're just waiting on people at the moment.