Most of the remaining bargains need a lot of rehab and are not approved for a straight Homepath loan, you need a Homepath Renovation loan.

I wouldn't worry much about the discount, I've bought and sold plenty of houses from other investors where there was real meat left on the bone.I'm almost all flips now and if I had one like this I'd prob pass it on before throwing good people out of a house they love just to make a few bucks.

Just because you don't think you would ever sell a property you paid $200K for at a deep discount, don't project those thoughts onto other people.

Multiple reasons and approaches there.If you are purchasing a portfolio and need to turn around and sell a portion of that portfolio in order to pay for rehab, that is a bad plan and ignores pretty straight forward ideas about REI.

I am buying straight from the owner.

And also, if it's not, would it be rude of me to ask that something be put in the contract that if something happens to Bobby and me where lJ did not pay for a couple of months after that,[ being too upset to think straight] that there is a certain amount of time for one of his siblings to help him catch -up rather than have the house yanked away.

I don't want to flip, I want to do a straight wholesale and get it off my hands as soon as possible, but I'm not sure how to approach the situation from a distance.

If your wife told them, she would give a discount do it and not try to weasel out of it over $10.

It is our mission to use transactional funding to buy discounted real estate to fix and flip, to lease and hold or to sell at wholesale prices; to provide bird-dog services to other investors and to use other sources of funds to create investment opportunities for profit.

I have a buyer who is selling 3 properties at a great discount but I am having trouble finding a private lender.