I am having a hard time with getting a loan. The only loan I can get is for 50k+ I am trying to get houses for under that price. Can I add something to the contract stating that the seller has to give me a refund at closing?
Example: I find a house for 50k I offer 40k and put in the contract that I would get 10k(say for repairs) at closing from seller? SO my loan would be the right amount and I would have capital for the next deal. As long as the property cash flowed this would be awesome.