We purchase properties on the fly, fast closings & do not need to have anything approved by a 3rd party.We generally do LTO or just sell after rehab to buyers we already have lined up.We adhere strictly to arms length/no hint of a prohibited xaction rules.

., and @Dell Schlabach seems to have found a fair balance.My problem is more with the gurus that charge people an arm and a leg and have no real personal investment in their success.

Coming from a HML background where LTV is king, it's hard for me to wrap my arms around this strategy.

A balloon or ARM loan is also likely.One approach is to do a syndication.

I hope you all will communicate with open arms as I start my own journey into real estate investing.Though investing in real estate is new.

Most lenders won't let you have an ARM adjustment in the same year as your interest only to fully amortized adjustment.

It was on paper and typewritten, you know, on a typewriter where you punched down hard on keys and a mechanical arm hit a ribbon printing each letter

Before long you will have a game-plan and be armed with information and a group of people here willing to answer questions you have.

ARM) to purchase a single family residential rental property (house 'B') for investment reasons.Amount borrowed with the Signature HELOC was $100k but property values (near house 'A') have fallen and are at approximately$70-$75k at this time.House 'B' is "free and clear" with no loans, claims, etc. against it.Have never missed a payment for this Signature HELOC loan but it is highly probable that I will not be able to fulfill this loan requirement.Questions:Can the bank (who I have the Signature HELOC with) come after additional assets if I default on the Signature HELOC loan?

I had someone apply recently that had 2 counts of prostitution and one armed robbery.