This total credit is deducted from the appraised value and should be equal to or greater than the 3% to 5% required by lenders.

So, $20K total in sell closing costs.

I have some clients who negotiated master "take out" commitments with two local credit unions totaling $3.5MM.The business plan has to be solid, LTV's low ideally 70% or less and the investor/buyers must be liquid.

All total $177K.

But absolutely no money down would be a no, unless you talked the seller into paying all the closing costs also.Attorney fees; title check; title insurance; taxes; in my area the total closing costs usually run about 2%.

I originally made an offer on a two-bedroom, big lot (no garage) house assessed at $29k and got it for $12k.... not the best side of town and it needed $12k-$15k in repairs so you would be looking at $27k total into it.

But the neat thing about marketing, is that it always changes.I am switching my stuff to total use of greeting cards over time.

It's already started-- we no longer have election day- it's election month now-- it's total chaos.

Anything I say would be a guess - which is totally worthless in court.

That might be totally appropriate if you're renting a $10,000 per month apartment in NYC, but is beyond reasonable for a $600 per month rental.