*PLEASE NOTE:This is a 2nd-position funding request that can only be changed to the 1st position if I can fully pay off the outstanding first loan in addition to providing the additional rehab funding needed, which I can't do.So...What would you do, or counteroffer, on this scenario: $1,050,000 ARV Broker indicates the property at $1,150,000 to $1,250,000, but expects offers to be no lower than $1,050,000

I had outstanding credit in the low 800s/high 700s prior to securing approximately 185K in a conventional mortgage loan after putting 10% down for a primary residence house hack.Researching online, it looks like credit should drop approximately 15-40 points after acquiring a mortgage, but my credit shrank all the way to 685.

There are companies that invest in these full time and end up bidding the interest rate down to next to nothing on all the good properties.I Always say I am going to go to one but I never do, due to work conflict....I once had a property listed on one due to an outstanding sewage bill that I didn' tknow about LOL This was my first investent property and I had no idea about sewage bill and the bill went to the property itself and not my home address.

I think most here on BP would agree this property would have to be in an outstanding, blue chip, A+ neighborhood to accept those numbers.

Institutional lenders tend to deal much more harshly with them.Depending upon the specific area of the country, non-owner-occupied house loans are virtually non-existent or difficult to get.Bankers seem to have a blind spot when it comes to the interests of the speculator in EXISTING houses.While it might be routine to make 100% construction loans to builders and developers (although these, too, are drying up rapidly), the thought that someone might want to make a 90% or 80% loan to purchase an investment turns otherwise jovial Mortgage Loan Officers into pinch-faced misers.They suddenly forget long standing banking relationships and outstanding credit histories, mumbling about money being tight and bank policy being restrictive at the present time.What then is the solution?

So i've been able to access public records online and have determined that there is one outstanding 1st mortgage for 395.5K which was taken in 2006 as a 30 year mortgage.

Now the Condominium Act of the Philippines, R.A. 4726, expressly allows foreigners to acquire condominium units and shares in condominium corporations up to not more than 40 % of the total and outstanding capital stock of a Filipino owned or controlled corporation.

It may seem a little different for you but I assure you in my opinion you can achieve outstanding returns on your investment.  

To do so, they will typically remove any outstanding liens and debts from the property.

OTOH, if you want to make a slick video that would have required $10K of equipment five years ago, and are willing to invest the effort to learn and the time to shoot it well, a DSLR can produce outstanding results.I've read the Sony DLSRs have a pretty good video auto focus feature.