He paid about $500 for each listing.Good luck whichever way works out for you!

Texas usury for real estate transactions is 6 points over the prime rate or a minimum of 18%, whichever is higher.

You can write the offer direct to them or go through us whichever...Ed

While he spoke of large lenders as well as consumer financing issues, including a cell phone plan termination was one example, there was another hint as he was saying "anyone" which includes investors on an individual level as he was speaking to the issues of being a creditor.He also said there will be further tweaking as loans become compliant, the idea was not to limit credit which was underscored by his mentioning the higher debt to income being allowed and the other aspect he stressed was that none of this changes the old prudent lending practices of years past, his issue was to get lenders back to those prudent practice attitudes and away from the risky ploys of lending and the passing on that bad debt to investors.I don't think there will be a great number of unqualified borrowers, excepting those having gone through the foreclosure surge, as the qualifications are not that difficult, in many respects easier than in the past, it's just now we need to apply sound lending practices in making that lending determination and being able to prove that sound judgment was used. :)

Cellphone, insurance?

Your Realtor might have tried to call you back but is blacklisted on your cell phone.

The golden rule is, purchase price plus improvements (hard costs) or the appraised value, which ever is less, then from that value the loan is made under the loan to value requirements.

If you wanted to take a personal loan from your account you can take up to 50% or 50K whichever is less, so in that sense yes you could only take a 50K loan.

I chose to down down the "Passive" path originally because I was too busy at work to do anything on the side and almost 13 years later it's still proving to be the right path for me.My suggestion is to consider whether you want to be "Active" or "Passive" and then explore the paths that exist down whichever makes sense for you.And, to answer one of your questions, you do not need to be an Accredited Investor to participate in some syndications (some allow Accredited Investors only while other allow Accredited and Sophisticated Investors).On a final note, I would be happy to help you on the Passive side in terms of questions, etc.

This is one of those "If I had known better" posts...It all started in 2007-ish, when I was helping a new student to get a cell phone plan.