What you want to do is buy a distressed/foreclosure property that is 2-4 unit using an FHA/203k loan.

Sure, if I know that it’s a distressed sale and I can cashflow from Day 1...Otherwise we (KOURO) will look to acquire older distressed properties and renovate and create a Multi-let or flip it on for quick profits How did your deal come along

This means that you are able to wrap the cost of the rehab of a distressed property into your mortgage. 

Bear in mind that these homeowners are in a state of distress, so, you must handle the situation delicately.I hope this answers your questions.

We run a similar Reg D fund that acquires distressed mortgage debt and we deliberately decided not to take on any leverage so that are fund subscribers are not exposed to udfi.

Purchase price: $18,000 Cash invested: $92,000 This was a highly distressed home with foundation problems, previous fire damage, bullet holes, etc.

Assuming ARV comes in at $60k:On this example, conventional lender would go 75% of $40k = $30k cash back out.Other lender would go 65% of $60k = $39k out.What’s the chance the appraisal comes in at $60k if I bought distressed/wholesale off market?

I am a novice investor and finding a few lucrative deals from distressed sellers.

Am I looking for distressed properties?  

@Jason Coyle this is not a distressed property.