If it appraises for more, great, but I'd rather count on it not.Alright, here's the proposal I want to submit:$87,000 purchase price: I know this is closer to 75% ARV, but I figure that the seller is going to want some consideration for carrying the note.

They don't sign the lease until you count that cash.

Count me in if you want to pow-wow over relocation strategies and buy and holds.

Investments count as 50% value when looking at assets/Dti/liquidity and reserves.

As I had the same intentions to wholesale.I had a meeting with the President of my brokerage ,Champion Realty, Jon Coile, and They concluded that because of the potential liability of being sued by Sellers not understanding the transaction no matter the disclosures later after the closing, the lack of coverage from their E&O insurance on these transaction, and the lack of money staying within the company as those transactions count as personal transaction, they do no support or allow their agents to perform any assignment type investments. 

Well the market in 04 here was HOT.. and I took a two bed and made it into a 3 bed. so the market rescued us.. as the property in the year I owned it went up about 75k in value.. ( not something in most areas of the country you can count on or will have happen).. so we made a profit.. but it could have been a bummer.And to add to the complexity senior deferral you can only find out about it by calling the tax department at the county there is nothing on line. or of record. 

I cannot count on subdividing, and selling a semidetached in this area would be difficult.

I counted 23 mattresses.

I imagine most on here aren't regular lottery players but when the jackpot is nearly a billion dollars (I only count the cash option as the value) it's worth a shot for the entertainment factor. 

I will head to the count office next week and get the rest set up.