Maybe someone could provide some insight and educate me about them.It is my understanding that if I have say $100k, I can use it as collateral to secure say a $300k loan (leverage percentages are just examples and could vary vastly).

What is the worst thing....the lender takes the property, they ding your credit, your credit goes south, your insurance premiums go up, all other credit costs you more, you won'y qualify for another mortgage for a few years, and who knows what other collateral damage there could be in your life......best thing is to pay it or sell and get out and avoid the issues. :)

Funds may only become sufficient to close prior to closing in the closing agen't account.When the deal funds, the HML breaks down the deed of trust with a collateral assignment, often in violation of state/ SEC regs, as that is an unregistered security, but usually only known between the investor and the broker.There are other ways, but this seems to be common, the new verification requirement will probably change this, hopefully for the better

I just inspected a property yesterday, and got my first real look at it.Here is the information:Asking Price: $15,675On the Market: 79 DaysComparable Comps: 25-35K (I believe this to be a little low right now (The area just a few years ago was roughly 55-65K)Expected Rent: $500 to $600I did not factor in Closing Costs, but I figured a $7,000 bid offer with a contingency for inspection.Since most of my cash will be used up in the initial purchase, I plan on using the property as collateral to secure a personal loan for $12,000 at 7.5% (Not sure if this is too high) over 5 years.I assume that I got the COC correct?

Loans are not necessarily defined by collateral in commercial.

Hello David hereI would like to ask a question on owner financed notes.I am thinking of getting into the purchase of Owner financed notes with the property being the collateral..Where is a good place to find leads on notes of this kind as well as other annuities if you have information let me know

A good real estate fund manager can provide you a safe, collateralized 10% to 12% annual return on your funds, year in and year out.

When I asked to borrow, I gave them my preferred lending terms, so they knew I wasn't trying to simply take their money and run.For my deals, I started with the cash from my friends to buy a house outright ($18,500 purchase; friends cash was secured with collateral OTHER than the house).

Terry and John, how well do you understand real estate, the collateral?

I'm lost, "cash for deed" "DIL" "judgment" then "foreclosure" "title holder" "borrower" these are all mixed up.If there is no issue with the HOA, no need to discuss it.You need to own the note really before you can say you would accept a DIL, but really, your attorney needs to do that as the option can be given but the request for a deed to be accepted by a lender or note holder needs to originate from the borrower.The borrower is the owner and the title holder, title is encumbered by the mortgage.If you foreclose the owner borrower will still have an interest in any equity, you are only entitled to what is owed under the note agreement, nothing more.You will have to sell the property if you obtain it through a foreclosure, those rights you have are to the property as collateral, you can't start renting it as if you bought the property.