In this day and time you're really happy that you've got a track record and a relationship with such an institution because the financing for investors can shut down rapidly--for example, the new requirement under Freddie Mac that you can only have 3 mortgaged properties plus the one you're finanacing.

For instance, I have a seller direct to an institutional trade desk, that would mean there are 3 people on the intermidaries invovled just on the seller side.

I have heard from a source that the Federal Government is planning to buy out REOs from many of the larger financial institutions like Bank of America etc.

I look for institutions that will keep people in that town in a down economy for psychological, sociological or religious reasons.

And yes - this deception ROYALLY pissed us off because the business of contracting is so time dependent and in the north (especially minnesotta) the weather does not allow us to always work year round.

Less than a year ago, Ocala was rated the best performing city in terms of sustainable jobs and economic growth (out of 200 metropolitan areas in the United States) by the Milken Institute in California.Ocala has a stronge manufacturing sector that has grown 70 percent over the past five years, outpacing nearly all the rest of the nation.

While large banking institutions such as B of A are convenient (many locations), they offer very little in the way of creative financing options for investors and you are just another number to them.Try credit unions.

.`(8) APPRAISALS- Any appraisal conducted in connection with a mortgage insured under this section shall--`(A) be based on the current value of the property;`(B) be conducted in accordance with title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 3331 et seq.)

I am sure you can find a good estate planning attorney somewhere on Bigger Pockets, but if not, a good guy to speak with is Roccy DeFrancesco, Esq. of The Wealth Preservation Institute.

I screwed myself over royally once because my head told me a particular business deal was cake but my gut was telling me it was crap.