It is true that investment properties typically require 20% down, however when this option was shown to me by a pro, I don't know whether to follow the lead and label it "creative financing" or stick to the bank rules of the game and apply 20% down.

As soon as a buyer lacks said capital to afford paying the premium on their own accord the ENTIRE game changes.

It takes money to play this game, but the money doesn't have to (and likely shouldn't) be yours.  

Intelligent, yes, more than most.GJ, good for you, I agree, actually you and I may not be as far apart as you think, I'm more open minded, probably more accepting of other's views but that doesn't mean the some of the core views are far apart, I'm just not extreme.I find it odd that someone would play such games on the internet and be found on a ministry site.

The property manager said it's the biggest mistake he sees owners make, and that is treating as a numbers game as long as they can ride it then trying to sell at a price that's too high when it's in sad shape.

It is a duplex built in 1960 in Westchester County, NY and is a short sale.Listing price: $189,0002br/1bt: $1500, 1br/1bt: $1200Skin in the game (20% down, closing, repairs): $53,606Income - $29,808Gross Income: $32,400Less 8% Vacancy: $2,592Gross Operating: $29,808Expenses - $14,916Tax: $7,407Homeowners: $827Repairs (8%): $2592Heating: TenantElectricity: TenantWater: Not sureTrash: Not sureLawn/Snow: Not surePest: Not sureManagement (12%): $3,888Capex (5%): $1,620AnalysisIncome: $29,808Expenses: $15,564NOI: $14,244Debt service: $8,832Cash flow: $3,792Per month: $316Cap rate: 7.54%CoC: 7.07%I am not sure about the utilities.

Then I take my buddy and we walk them streets for dollars putting each flier behind car wiper blades …In one night we can drop couple thousands fliers …got some traction that way ..and some angry calls too …pretty cheap way to get to the source plus as far as numbers game ..cant beat it any comments ?

Many folks who have tried to get in the game have attempted to use escrows and in my experience not for above board reasons.

The whole point of this to make sure the borrower has skin in the game.

Income and assets also play into the game.