I'd love to connect and hear more about your investment goals and criteria.

This also begins YOUR title seasoning, so that when you're ready to take out a traditional mortgage, you can refinance and pay off the seller without a title seasoning issue. you can buy title insurance from the title company at closing. this is a good idea. 

It's a wholesale deal close to downtown and I want to build a portfolio of duplexes for buy and holds because of the ROI.

Would love to connect with you.   

You have to sell, you over leveraged, but the property has dropped in value, no lender will lend to you and you have to bring money into closing to sell the property, but you don’t have the money.

I'll send you an connection request.

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.

The great part about contacting the CDC directly (and a large one such as TMC) is they can make referrals to banks that would be interested in your project (i.e. banks that have been actively doing SBA hotel loans)...rather than you having to chase down the bank first, which can be very difficult.Regular commercial lending requirements are applicable (will vary by bank):1 - no bankruptcies2 - no foreclosures3 - FICO > 7004 - net worth >= loan amount5 - post closing liquidity >= 12 months of P&IIf this works out, you are going to be glad that you made this post.

Between now and then, I am committed to learn and connect as much as possible!

Sure see a Lawyer, but plan on getting them out...or at least deny the 'fiancee' (but then keep a close eye on the place because he will probably try to sneak in anyway)