It tracks rent payments, expense categories, mortgage interest, and more in one place.I’ve found it really cuts down on prep time.

At this point, instead of continuing to pay the interest loan payments on properties that we will never be able to financially finish since the rehab loans will not cover the actual cost of the rehab, I wanted to know the ramifications of returning the properties to the loan servicer, deed in lieu.

What does my purchase price and down payment need to look like for the bank to provide financing? 

Key Deal Points:Loan Amount: $88,000Lien Position: 1st position Purchase Price: $120,000Appraised Value: $250,000Interest Rate/Return: 11% annual returnTerm: 5-year balloon (meaning the entire principal and interest must be paid at the end of the term)LTV ratio: 35.2%---Licensed Lending company for contractsRMLO package completed on buyersServicing company for payment

For example, my average terms are 90%-100% LTV and 10% interest flat no points or pre-payment penalty.

My business partner provided the upfront cash for the down payment, and we used hard money to cover the remainder and the rehab costs.

When do you make owner payments?

Hi all! Do most Lenders require 20% down on a land purchase? I've spoken with Vystar Credit Union, AgSouth and Navy Federal. They all stated 20% is needed. So I was just wondering if its the industry standard for that...

Since you are using an FHA I’m going to make an assumption that you are putting a very low down payment on the purchase.

A little update with the bank, they are now telling me that they aren't even going to consider a settlement or a short sale unless the past due 14 contractual payments (around 8-10k) are paid.