So that might be good for getting the funds together prior to the auction...But it could possibly be a big problem if in the heat of the auction I get a little crazy and over bid on the property.

If you have any century21 agents, please refer them to me..I am also a Loan Officer, I specialize or niche in sub-prime financing.. which is one step above hard money, but one step below conforming or A-paper lending(perfect Credit).example: we can get investor loans funded with as low as a mid 500 fico..now if your strategy is to flip houses, then subprime financing is not for you.. stick with hard money.. however if your strategy is to have income or rental properties, then subprime finacing will benefit you especially those holding their properties to gain long term equity. average rates are between 8 - 10% depending on credit.

We talked about this on another thread and there seems to be no reason to use more than 2 notes at the most.Humm-now let me think about that :idea: You could possibly do this as a wrap where you are initially structuring a 2nd and a 3rd behind a first but, you would have to make sure you set this up in a way so that you could quickly sell off the second at enough money to pay off the first-so that 2nd would become a first once the 1st was paid off at the note sale/funding....

THe money $200 dollars per apt. or whatever the value is would go into a slush fund, to fix stuff and to maintain and upkeep the house.

I did a search on google for real estate netrorking I figured maybeI could expose people to an opportunity in real estate I amcurrently working with NATIONS FUNDING SOURCE GREAT FOR PEOPLE NEW TO REAL ESTATE I FILL OUT MY PROFILE AND POSTCOMMENT EXPLAINING THE PROGRAM AND SAY ITS WORTH AT LEAST CHECKING OUT 1 COMMENT in each forum that i felt people could benefitfrom IT I AM WAITING FOR REPLIES AND GET 1 SAYING I AM SPAMMINGWHATS THE POINT IF YOU CANT REACHOUT CAN I GET SOME CLARITYI SAW MANY PEOPLE ADV.

REI is fraught with problems, it's not like buying a mutual fund, you are HANDS ON every day.I've been doing this for almost 30 years, I've experienced every type of problem you can on rehabs.

If you don't have time RE really isn't for you....If you wanna plop down money and have it earn for you without doing much work and is something you can do online try an ETrade account and some mutual funds.

Perhaps you should find another funding source that can work with what you do have.

It's just that your rates will be higher.Bottom line: anyone, with any amount of cash and any credit score can get into this game... but the question is how much interest are you going to have to pay for the funds and how hard is it going to be to find the right lender / program?

Well I wouldn't put the proceeds in the "bank" at interest, I'd invest it in mutual funds.