I can't imagine you will be able to find any money partners willing to accept 1% in exchange for advancing you any purchase money but, you may be able to find a lot of folks that would take an 8% turn key return if they trust you can manage such a pool.

Even an owner occupant is going to want a discount from that price in exchange for having to do the work.

Another thought if you are using the money from the sale to purchase other real estate you might be better off looking at a 1031 exchange.

Usually these occur in late fall and hard winter when the heat exchanger cracks or chimney plugged with something.

greetings all:looking for an investor in the south bay area (Gardena, Torrance, pref)...willing to locate props (Realty Trac), research, take pix, get comps, learn how to calc rehab, ARV, etc...will do pretty much all your legwork to free up your time for more important things in exchange for bird dog fees...currently unemployed (job loss) so have nothing but time & effort to offer to the right investor...tell me what your looking for & I will find them for you...

The definition of a broker is: Any person, partnership, association, or corporation that sells (or offers to sell), buys ( or offers to buy), or negotiates the purchase, sale, or exchange of real estate, or that leases (or offers to lease) or rents (or offers to rent) any real estate or the improvement thereon for others and for a compensation or valuable consideration.

Corporate management is determined more by the laws of the state of incorporation than by federal laws (SEC) and the rules of the exchanges.

The rent will be $1.50 per sq ft per month at current exchange rates, which works out to about $5 million per year.

If you're agree to do the work in exchange for forgiving the debt, seems like you should complete that deal.If you want to rent it or buy it, formalize the deal in writing.

We all know that's baloney, though, since there are usually other considerable costs in selling a house.Since I am not in Houston, I can't say what the house is really worth fixed up, but I'll wager it's not $275,000.