Q:  What kind of spread should there be from what the owner payed for the home and the price they are selling? How do I buy this home without using my credit?

A:  The spread depends on when the seller bought the property. If he bought it 50 years ago there would be ample spread for profit. However, if he bought it two months ago, and is trying to sell it for $100k more than he paid, then he either found a great deal or he's over valued the property. I don't look at the spread as much as I look at market comparables.

Refer to the 'No Money Down' section of your manual.