The bank called me today and said that they won't be able to loan me the money due to the low score.

I keep hearing about the pre-construction deals out there where buyers can make a down payment on a condo while in the pre-construction phase at a low price and then once construction's complete the condo can be sold at 25% - 35% above original purchase price.

I think blood is running in the streets homes for prospective buyers are selling for historically low prices.So, I have two questions for you:1.Will you preserve your principal (the money that you’re putting in?)

The deals have to be out there... but the problem I've run into is that the rents are very low in my area.That being the case, is it a bad idea to look at foreclosures as a way to increase my margins, thus accommodating for the low rents?

Generally, if you do EVERYTHING right and assume 100% financing (but very low LTV), that will be about $100 per unit per month.

Due to transfer taxes (a percentage of the amount for which the property sold which is paid to the government), the agent wants the price as low as possible if he has to buy it for the bank; thus keeping the taxes down.

I agree to keep it low on a $450.00 a month rent.... nothing more than $100.00 that's applied to the purchase price on the back end ONLY if they excercise their option to purchase.

I was working on a deal that should have been a slam dunk and I even got word that the woman selling the property wanted to sell it quick at a low price.

Low rent on not-the-greatest house (old and poorly laid out), but good neighborhood and good landlord.

The key to success in this business is having systems for everything and hiring others to do low dollar activities for you.