It will be some percentage of the fair market value of the house or the unpaid principle balance remaining on the note, whichever is less.

I can put down 20% cash and finance the balance.

There needs to be balance and as a new agent you will learn this. 

Not sure what your experience is, but what I have been trying to balance is the amount of upfront cost prior to appraisal. 

We had our attorney explain the situation to the seller’s attorney - ‘the bank of idiots has done xyz’ - with a proposal that the seller carry back the disallowed ‘gifted’ balance until the deal otherwise closed, at which point we would write the seller a check outside of the closing for the disallowed ‘gifted’ funds the seller carried back.

Property performance is a balancing act between getting top rental rate and reducing turnover.

It means that if you transfer the name of the title, then the entire balance of the loan is due immediately.

Create an Input Sheet of questions to ask sellers - work from this when making calls -There three (3) important things you need to learn from the sellers --About the existing FINANCING - how many loans - the amount of liens if any - the terms (balloon payments, interest rate and status and balances (current - payments due - foreclosures or tax sale pending)Next about the SELLER - why selling - where moving to - how fast do you want to settle - what are they going to do with all that cash - GET PERSONAL talk about yourself a little, but get them to talk about their job - their hobby - their workNext the PROPERTY - does it need any work, are there any violations - what are properties selling for in the area - how much would it take to fix or renovate the property - is it vacant?

Flip2freedom episode 77http://www.flip2freedom.com/a-3-step-formula-to-a-successful-balanced-and-insanely-profitable-2012/ - LISTEN TO THIS TODAY!

I get a report each week from management that shows occupancy, days vacant for all vacant units, move-ins/outs, leases signed and approved, lease renewals, expiring leases, weekly forecasted occupancy for at least six weeks out, reasons for moving out, sources of new tenants, delinquency aging along with collection notes, open payables, cash balances in all accounts, plus a status report on units upgraded and any major issues/projects.