The offer would look like this:85% First mortgage15% VTB (second mortgage)3) Make 100 offers.

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).

However, I believe the bulk of your funds to buy a property would come in the form of a first and second mortgage.

Second, if you know of a transaction where the property was appraised lower or higher than the value and this was done on purpose both the lender and the appraiser should be turned into the authorities.

Why does that second mortgage lender not care if the investor is no longer personally vested with cash in the property?

However if the equity is good, the lender will work from a position of strength especially if there is a second mortgage.

The second is to go to the CA Bureau of Consumer Affairs at http://www.dca.ca.gov/index.htmlThey're there to help.

Regardless, since you will be buying once, then selling once, your round trip commission cost will be about 6%, assuming use of agents on both sides.On top of that, there are other hard costs - title insurance and inspections, in particular.On top of that, there are *soft* costs - things that both you (the first buyer), and the second buyer (the one you sell to) must do - due diligence to make sure you're not being hosed by a bad house or a bad deal.

Built in 2000 and I like it second best of all my choices.

I have to talk to the lender to see about that, but I think I can do the 177,500, but will have to also do a second mortgage, which would be less than paying PMI.