One problem is, rather than replacing the rotted metal roof with another metal roof, the previous owner just boarded off the built-in gutters and put asphalt shingle roof on.

I have approached a lot of sellers from my DM campaign about using seller financing and they are just not interested because they want to cash out.The Solution:So I want to engineer a double transaction where I get the seller to originate the note, and then take that note to a note buyer right after the closing so the seller can cash out and I get my seller financed note.

@Mark Gallagherdo you know why they stopped doing HomePath and what, if anything, replaced it for investors? 

I think if we found a replacement house and got it under contract, we could put this house on the market but my husband and I are too picky to rush.

The property was built in 1999, but the seller has said they have completed remodeling each unit, some newer water heaters & appliances have been replaced, believes the roof is original along with other systems.  

Nearly everything in this place needs work or replacement, but somehow I see potential. 

One of the real estate strategies that was taught to me was that you get all repairs, big and small, done in the beginning, roll it into the financing, and then sell after five years (supposedly when things start to fail and need repaired/replaced).  

We have some concerns with considering expenses in our model, specifically with replacement reserves in comparison to general maintenance, how much to set aside for reserves, etc.Thank you!

@Joseph TaralloCreative Financing has to do with acquiring properties withSub2Lease Purchase and Lease OptionsLand ContractsWrap Around MortgagesContracts for SalePrivate 1st Mortgages - Private IRA LoansInstallment Sale Purchases on Free and Clear HousesYou can make money for solving problems for home sellers usingJoint Ventures with Home SellersLease Option AssignmentsDon't Be a One Trick PonyBe a Transaction Engineer

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