The key here is not necessarily the numbers more about the tactic and if it’s LEGAL and POSSIBLE To DO it like this or if any one has tried anything similar to this: Property purchase price: 80,000Estimated Rehab cost : 45,000Property ARV: 175,000Hard money Loan used for : DOWN PAYMENT & FIXED COST.Down Payment: 16,000FIXED COST : 18,000 35,000 ( added an extra grand ) HML 35,000 @ 15% interest with 6 points Total: 46,250LOC used for REHAB : 45,000 @ 3 % interest.Total 47,000HML + LOC = 93,250Remaining Balance On House : 64,000 @jasonDiClementeHML + LOC + RBOH= 157,250House sells for 175,000 SP - HML-LOC-RBOH = 17,750 profit - tax about 11,000 grand ... not really a big number but like I said it’s all hypothetical.

As long as you perform per the details of your agreement, you should be golden pony boy

Just do the extra research and figure out if this is the one.Cheers! 

It a very detailed pattern and even includes folds!

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

Some Auction.com properties even sell without an inspection contingency.Highly recommend you read the fine print, and contact Auction (or the listing broker they're working through, if you can find it) to double check the details on your specific property.In general, though, yes - you usually get your earnest money back if the deal falls through.

If my closing costs would be reduced if the seller agrees to carry a note in lieu of a traditional mortgage, can I offer a bit extra on the purchase price?

I’m a little bit more personable and I'm actually mentioning details about the property.

When I looked back I was still in the same amount of debt if not more, it was like an extra 30,000 disappeared and I had nothing to show for it.

Now I know why it is so important, because I may have been in trouble if I didn't take those extra steps to save more.