Good Morning - My realtor came to me with an offer for an FHA loan but they want to move in this weekend.  

I see people without capital no experience or capital being taught to “help” desperate homeowners by tying up their property in a contract they have no way to successfully close without finding someone to pay more; costing the homeowner behind on their mortgage payments to lose valuable time that can easily lead to foreclosure; I see a program taught to students to take over a property ‘subject to”, leaving the seller unable to qualify for further mortgage financing, responsible for a loan secured by a property he no longer owns, and all held together by someone with 0 experience, limited or no capital, and no liability.  

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If you pay down $100K in loan saving you $1K in monthly costs against rental income, or you invest that $100K in something that generates $1K in net income the result is similar.

That is important when considering a conventional conforming loan.

Our area has a good selection of hard money lenders, and every now and then, you might find an owner willing to carry the loan, often at attractive rates.

Hey @Jaycee Greene, we typically get loans from smaller local banks.

You're going to lose your loan from what I understand.

Specifically I am trying to figure out the best vehicle through which to conduct our REI.

It’s unfortunate as their loan officer was stellar.