You have to pay the balance at these Sherrif Sales anyways...Well, time to hit the streets, have a great day

This property was having a difficult time getting filled, and I couldn't figure it out.

What has happened is that non-conventional financing for investment properties is getting more difficult to find.

As a courtesy, please read this message, fund criteria, and Client requirements thoroughly before contacting us, especially regarding the Compensatory Balance.

And then just find sellers that are willing to carry second mortgages in large enough amounts to cover the balance. ie: 85% first and 15% or more second (vendor take back).

I think when you crunch numbers you are going to find the cash flow goals you seek to be very difficult to come by in your first 5 years.

My credit is great (except for a balance I'm carrying on my CC) so I'm just working on that income bit.

250 ARV by comps in the area. one of my questions is do you ad the 185 loan balance to the reinstatement fees. i would assume that the bank still wants it's money. trying to calculate the cost of buying the property.

Otherwise, you wind up increasing the price you have to pay for the replacement property to balance out the values, right?

Ya but it's best to strike a healthy balance between making money and enjoying it right.