Big Pockets:Down Payment: $670KDown payment fee: $101KTotal: $771KSeller's remaining amount:$2.512MSince the seller only wanted $2.475M, that leaves $37K that could go to the buyer and still leave the seller with what they wanted.The buyer's on the hook only for the $2.68M loan.

if real estate investing is your main business then i would go for option 1 as that yields more free cash flow by virtue of putting you in a position to buy another property with the remaining cash.however, if your looking for a safe place to put money that you want to get some return out of then id go for option 2.my grandfather would always go for option 2. he says "if you need a mortgage, then you cant afford it". believe it or not, that has worked quite well for him.

For example, if the mortgage balance was $520K, then you would need to do a short sale or have the homeowner come with the additional $100K at closing to pay off the remaining mortgage balance.

You'd have to come up with the remaining $60K if you wanted to go through with the purchase.More realistically, you would go back to the sell and say "I'll only pay $100K".The "value" the bank will use for a purchase money mortgage (a mortgage used to buy a property as opposed to refinancing) will be the lower of the purchase price and the appraised value.

It will remain a subjective judgment as there are so many forces at play.

In the remaining states without EPA certified programs, you may have to deal on the federal level.A colleague and I are looking to buy a property in Arkansas with underground storage tanks.

For someone to have seen all the different opprotunities and obstacles in real estate and to be able to come out with your shortly and still remain successful, you should be really proud.

Souder, did you explain to the seller the risk of the due on sale clause, that this loan would remain on their credit report until you paid it off or that they credit could be damaged if you fail to make the payments?"

It even covered up an edge where the formica had chipped off and all that was remaining was the wood.The kit includes (in order of use): Cleaner, Cleaning brush, adhesive bottom color coat, flake spreader (looks like a mini lawn seed spreader), flakes, sanding block, and two part epoxy protective top coat.

From the remaining 50%, you have to pay your mortgage payment and take your cash flow.