You want to get a payoff for all that work and if a bank or fund bids 4%, then it's easy to feel all the time spent researching is not worth the return.But with systems and getting good with how to perform the due diligence you can really make nice returns with "no tenants, no toilets, and no termites."

However, we don't have the time to be managing rehabs.We have a close friend who has no interest in finding/analyzing/networking, however, he is really good at performing actual rehab work.

They are underwritten to the same standards as a conventional home, you have leeway to underwrite to secondary guidelines including compensating factors to determine affordability, likelihood of performance, collateral being sufficient for any future loan required.

You could justify you number with a cover letter, I'd just show my agent and let them convey the basis.If you got actual data from the seller and verified the numbers the seller should already know why the offer is what it is.Starting out I'd suggest single family as well, performing multis won't have much room to force appreciation, you need a distressed low performing project. :)

It turns out that the under-the-table foundation work the flipper had performed was just enough to hold the house up while it was on the market.

Originally posted by @Joshua Dorkin: That was just weak.I assume you are referring to the Broncos performance?

If there is a 1st non performing note what make you think you can get the 2nd non performing note to re-performing.

How do you get Financing to buy non performing notes?

And the poor performers are doing everything to muffle and hide their poor performance.1) 99% of these sites claim that they do an incredible amount of due diligence, that's so much better than the other 100+ competitors, and that's why you can feel comfortable investing your money with them.

Remember, if your investments perform well over your lifetime, your traditional 401K incurs a higher and higher tax liability.401Ks have a provision for in-service distributions.