All Forum Posts by: Jonathan B.

I am no big investor but i do try to read a lot -

This is obviously a distressed seller, maybe out of town owner?

These type of deals may have good potential in them, Google/Youtube/Search - "Subject To" - which is what your seller is actualy offering you.

Should you decide to move forward with this, having an attorney walking you through the process will always benefit you if you dont know how to deal with these creative ways of financing.

Good luck

I am no big investor but i do try to read a lot -

This is obviously a distressed seller, maybe out of town owner?

These type of deals may have good potential in them, Google/Youtube/Search - "Subject To" - which is what your seller is actualy offering you.

Should you decide to move forward with this, having an attorney walking you through the process will always benefit you if you dont know how to deal with these creative ways of financing.

Good luck

I am no big investor but i do try to read a lot -

This is obviously a distressed seller, maybe out of town owner?

These type of deals may have good potential in them, Google/Youtube/Search - "Subject To" - which is what your seller is actualy offering you.

Should you decide to move forward with this, having an attorney walking you through the process will always benefit you if you dont know how to deal with these creative ways of financing.

Good luck

I am no big investor but i do try to read a lot -

This is obviously a distressed seller, maybe out of town owner?

These type of deals may have good potential in them, Google/Youtube/Search - "Subject To" - which is what your seller is actualy offering you.

Should you decide to move forward with this, having an attorney walking you through the process will always benefit you if you dont know how to deal with these creative ways of financing.

Good luck

Hi Guys

A friend did not have any income for the last 2 years to family circumstances,
He was able to get a loan prior to that quite easy, he also has a decent amount of cash in the bank-
Given he will need a guarantor to sign his loan should the bank refuse-

Will I , as a non US resisent
 Yet I have tourist visa and a US bank account be able to sign as his guarantor?

Thanks 

 Thank your for your time Andrew

Appreciate you sharing this out,

I've sent your a connection request,

Cheers,

 Thank you for your time and patience buddy-

All the best 

Thanks @Andrew Postell & @Chinmay J.

My intention says alot about the mess in my head with this topic i guess -

My intention in this post was to understand how exactly would one get approved for repeated mortgages when other ones are still due?

What does the lender look at? the quality of the deal?

Does he/bank uses the "Current" being paid properties? 

Ive read and see alot of people scale out over and over with as little as 100K

How do you scale out so much with 500K available? 

Please remember that this amount is the entire retirement money available at the moment, so creating additional stream of income is crucial with minimum risk at hand.

Hope i was more clear

 Hi buddy

Multi family up to 4 units

 Thanks for the comment

Since we haven't made any investment s apart of couple of flips

We would like to purchase multi families for income-

Would be self managed, we bring considerable experience in construction

Goals obviously depends on progress yet our long term goal is owning at least 20 units along the way within the next 2 year