If an asset based lender will lend 75 percent on a property does this mean that no down payment would be needed if the property was worth $100k and you acquire at $75k?

Inside i was upset but at the same time I learned A life time secret on how to make wealth.

Psychologically, the seller gave you a bit of a feeling of ownership(after which you now have some fear of loss,) and when people own things, they tend to place a higher value on those things prior to taking ownership.Why not try this- estimate the annual cash yield on your initial investment(under the theory that the units were all like the initial 3 units,) then adjust your offer downwards such that your percent yield on capital and time invested is unchanged?

Here is a link to the spreadsheet I made: https://docs.google.com/spreadsheets/d/1_Rg21utKgh...This is what I did to come up with the spreadsheet:Home Value= $96,000Up Front Costs20% Down= $19,200Land Transfer Tax 1% = $960Appraisal = $300Inspection = $100Legal Fees = $900Lock Charges = $250Loan Origination Fee (1% of 96,000-19,200) = $768Coop Application Fee: $300Commission 3% = $2880Title Search, Title Insurance= $875TOTAL UP FRONT COST = $26,533Recurring Monthly CostsProperty Tax = Covered in HOA FeeHomeowners Insurance = $28Maitenance (1% per year) = $8030 year loan @ 3.45% = $343HOA Maitenance Fee = $350Tax Deductions = (Interest+HOA Fee)* 31 percent marginal tax rate = $174 (Savings)TOTAL MONTHLY COST FIRST YEAR= $626Assumptions: vacant 8% of the time, 2.3% housing price increase per year, 2.3% inflation, 2.3% rent increase per year.  

Are you a "house hacking" person that needs a loan for the construction to do it and only requires a 31/2 percent down payment.There are many finance options for you to pick but any wife and kids you have may effect your decision.  

Subtract any Management fees, Taxes, Insurance, City certification fees, Utilities if Owner (you) are paying any, Lawn maintenance, Snow removal, Vacancy rate I like to go with around 8% (of annual gross rents) which about equals one months rent, Repair rate - once again I like the 8 ish percent which equals one months rent.

The one thing I wish affiliates would disclose is that once you buy 1 deal through them, they are lifetime property of said affiliate.  

As far as the transaction goes it shouldn't be too painful as she'll be under the lifetime exclusion so everything can be shifted over to the trust painlessly. 

What percent are you willing to put down?

On the two percent: the comission for both selling and buying agent is governed by the listing agreement at the time the property is listed by a broker.