In my market I usually buy houses for 60-70% of ARV minus repairs.

I can send several different versions, and usually get a 1 to 2% response.We like to purchase prior to foreclosure because it gives you an opportunity to view the home and estimate repair costs.

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If you want to make $50k on a house then you would need the purchase price, plus $50k, plus repair costs, plus financing costs, plus realtor costs, ect.

Seeking Private investor money for bank foreclosures Northern Chicago Land area.We work with 5 banks in Lake County IL area that provide foreclosure / REO deals.Seeking Private Money - Minimum amount: $250,000Rate of return: 12- 16%Funds used to buy homes at 60 - 70% ARVAverage price per home: $150,000 - $300,000 maxAverage repair time: <2 weeksAverage repair cost: $10,000 - $20,000 maxAverage days on market: 2 - 4 weeks.Agreesive marketing plan to retail homes @ 90% LTV with 5% down from buyer.

Good numbers to start out with are to buy at 70% of After Repaired Value (ARV) minus estimated repairs on the property.

Unless your market is highly appreciating and/or you have a low equity exit strategy (i.e. lease option, owner carry, or long term rental), buying a property for even 80% of After Repaired Value (ARV) is risky.

Property Type:Residential and Commercial, investor properties onlyLien Position:First Mortgage onlyLoan Amount:$25,000 Minimum to $500,000+Funding Rate:Up to 70% of the After-Repaired-Value (ARV)Standard Term:12 months with monthly extensions possible.Standard Interest:Typically 13.75% with no payment due in the first month.

They called themselves Bargain Network, offering listings of automobiles and home listings of foreclosures, repossed and FSBO's.

Is there something where I could get an investor to give me a loan for the price of the house and the cost of some repairs?