The financing on a deal makes or breaks a return and that it tied to lease terms, quality of the tenants, location, and loan size being sought.

I have been out of the Real estate arena for about a year and looking to get back into the game.Through my business network, a seller emailed me asking if I know of someone who may be interested in buying 17 remaining lots he has in a subdivision.He provided the average selling price of the lots, location, name of the subdivision, etc.What would be the best approach to handle this?

I would second @Johnson H. and @Kevin Young 's advice about not skimping on the lawyer, if making sure that all these things are tied up properly is your ultimate goal.

If you repair the existing ones then they would still remain the landlord's property.

Higher LTV - Local banks will go as high as 80% LTVConstruction loans - Ability to have a construction loan tied in with the refinance or acquisition loan.

I am following the formula below and am kind of stuck on #2.1.Find distressed properties2.Research and identify those with real potential vs no real potential at this time.3.Mail property owners with specific lettersEssentially, I am not exactly sure what I need to be researching in order to qualify these properties to remain on my Driving for Dollars mailing list and actually receive a letter.

Once you tie it up ask your contractor what it would cost to add a couple of bedrooms and a bath.

.*3years + $551*12mo*25years = $188,844 total payments Currently $107,500 balance remains.

For example original seller only agrees to remain a guarantor for the first 2 years after assumption or they agree to a reduced percentage of responsibility if a default occurs as the years go on down to zero eventually from the start of the loan assumption.

Since banks aren't in the business of giving money away, and loaning money to someone you can't collect from is like giving money away, you are out of luck.As said before though, there is the possibility of getting a loan from a private lender (an individual or syndicate that has ties here and in Russia), but I'd expect the terms to be onerous... low LTV, high interest rate, etc.