After 2+ years of seeking HUD approval to no avail, they scrapped that plan and changed their strategy to traditional private equity financing - enter my partner and I (about a month ago).

If you don't have money for a traditional down payment and low credit, at the least, it means you can't get bank financing right off the bat.

@Stephanie YiMy personal strategy is to diversify 50% into traditional public markets.

Purchase price: $263,000 Cash invested: $85,000 Sale price: $420,000 Bought for $264k with traditional financing and 25% down.

Win the Lottery

traditional 20% residential loan How did you add value to the deal?

@Bryce McBride Are you looking to do a cash-out refinance or traditional refinance? 

@Sue ZikriaWin the lottery and take the annuity.

These are people who have not yet done the work to list their house the traditional way.

As in every case it all depends on the deal, how much rehab is required, who are you are buying it from (wholesaler - definitely cash or hardmoney) traditional seller off MLS financing possible.