I would like to buy it as-is, but potentially partner with the investor to provide construction financing to complete a 600 +/- addition to the rear of the structure that would have two or three bedrooms and at least one more bathroom.Here's my thinking:Prices have risen here about 30% since January 2012, so $110,000 + $33,000 = $143,000, but I don't want to pay the investor for the money he has shelled out for engineering and architecture work.

My current methods which consist of pre-negotiated short sales prior to hitting MLS are not able to meet the demands of my investors I'm simply not able to produce enough properties on a monthly basis.I stumbled upon these forums in my search - I learned about wholesaling (which I am totally unfamiliar with I might add) in hopes of learning another way / developing a new strategy in which to achieve this.

Most banks require you to have 2 years of experience OR you carry ALL the house dedt on your income structure without counting the rent income.

While it's true they lose their deposit and any funds that have been applied to the principle balance on the loan if they don't follow through, they may never qualify (potential for more option money, longer term cashflow though)...The only other thing I can think of would be to enter the deal while legally structured as a trust, then you could transfer all or part of your "beneficial interest" in the property for a fee.

Has anyone noticed an advantage choosing one method over the other?

You're right that using any method you can to find distressed sellers is worth it.

Originally posted by Carolina E:Lucy Rowens it's a scam, but I would be curious how he got your info.The days of sending blanket "spam" messages are dwindling and methods to detect and discard them are making this approach less effective.The "new generation" of scammers/spammers are using "big data" to mine many social media and on-line forums to build profiles on individuals.

How do you structure a deal?

After 2 years tax returns reflecting rental income then lenders will start to calculate rental income into your DTI.Either path you choose, make sure you analyze the numbers conservatively to make sure the deal cash flows for you with however you structure it.

Typically if they cover exterior maintenance the Master Insurance will cover the structure and exterior issues (Like if there is a storm and blows the roof off you won't make a claim or deal with the repairs personally).You would need something like the HO6 mentioned earlier.