Tim,Short Sale (two words) more professionally referred to in the lending industry as a "Short Payoff" means that the institution at hand is accepting less than what is owed to them.

Therefore they can bring in less money than a equal house being lived in.So the $s say my goal is flipping but play the renting game.

Its a numbers game, and the more offers you make, the closer you are to that goal.Adam,On the calculators, its always good to review what is the present value of a all cash offer to what a seller financed offer. $25K cash sale might be the same as $25K with seller financing at 5% interest over 10 years, but there is so much more value in paying that property down over time, and having others pay it for you.I generally find my sellers with direct mail non-owner occupied letters.

Sellers want to see some skin in the game.

Thank you for the Welcomes,The Interview with James Vermillion was Interesting, Especially the fact I currently Deployed, and using my Time to Develop my Game plan for my Return.

How much of the 30% does the private lender require you to have in the game??

Hey guys, I'm just getting involved in the real estate game and trying to figure out how to finance deals.

Andy- As a BYU fan, I get to Provo for games a couple times, but have nothing to get me to SL.

RE: Kitchen - Yes, the first floor kitchen is the "remnants" of an industrial kitchen.

I'm very new to this game and recently got a great price approved for purchasing a short sale.