What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Regardless of your real estate investing strategy, pre-foreclosure properties can be an excellent way to purchase real estate at a low price.This post originally appeared on the BiggerPockets blog.12.

Syndicators can negotiate terms and rates that are impossible otherwise, including on portfolio terms as in that banking entity is holding/servicing the financing themselves, on there books, not originating and selling it off. 

Pulling the wool over someone's eyes can happen in any relationship, is not conducive to long-term success, and should be condemned.Your original reply asked for "someone to explain to me how this model truly benefits the property owner".

Originally posted by @Alan Johnson:@Stephanie Ruiz @Mayit Balit  Are you looking for purchase agreements for wholesaling? 

Focus on getting your finances back on track first—start saving and work on building your credit score.

First of all I put my acceptance criteria clearly in the ad: minimum credit score (enter X amount, 620 is what I use),income 2-3x rent, good rental history, references, no evictions, acceptance dependent upon background check and employment verification, pet policy, desired lease term, etc. so that people will hopefully read that and not come to the open house if they know they won’t qualify.

Basset has some of the best and more durable fabric around and these still look great after 7 years with us and probably 10+ with the original owners.The La-Z-Boy has a more open weave as does the chair.

A HELOC carries a higher rate over a shorter amortization usually 10 or 15 years and a mortgage carries a lower rate over a 30 year amortization offering a lower payment.You have to run the math in each scenario because the math differs based on a few things like Fico score, CLTV, Loan size, and time frame between purchase and refinance of new property.

I was just under the impression this was a 2 unit. 4 bd 2 bath that are all over down there and he said in the original post it was a multi unit.