I also use a local law firm that does short sales and modifications and they are very investor friendly.

OK, so re-performing refers to loans that have had a loan modification and the borrower is now making payments under that new payment plan, correct?

Are they in the process of a bank modification with their loan?

Another bottom line: until the SEC ruling on the JOBS act re the modifications to Reg D 506 and the ability to advertise,,, don't believe anyone that you can advertise to the public your desire to borrow funds even after your Reg D notice filing.

Kyle,You re correct, the 2% rule is very tough to apply to NJ Real estate with our property taxes beng what they are, and as a result is not a good litmis test in my opinion.Look like you have strong rents with potential for even more once you get done making modifications to the building.Chris

Then we can add to that Assignments of leases and lease financingCross collateralizations and collateral assignmentsSeconds held by sellersLease backs with or without optionsContractor Assignments with power of saleConstruction liens to partner with sellersAssumptions of private loans and installment contractsSubordinations of Interest and installment purchases-fundedDivided Interest purchases using the above mentioned methodsDonations to non-profits, to charitable trusts then purchaseBulk property purchase agreements with landlordsNote purchase-modification-or DIL with or without lease backAsset tradesPurchasing revisonary interests for a period certainTime share agreements with divided interests, not just for resortsHeck, there are lots of uses for just the right of first refusalThere's more that intertwine, not to mention financing angles.

@Ken RishelWhat is your opinion as to the specific modification or amendments proposed?

Another hm we looked at is fine with only needing bathroom modification but exrerior needs repairs to sauna, gazebo and pool.

It needs to address the functions but it should not be written so strictly or well defined that your by-laws or operating agreement becomes restrictive and requires modification to make a left turn.

I don't know of a broker who has an in-house credit repair office or operation......might be a good idea......The credit repair types here make money off the modifications made with creditors, the more they collect the more they make, they want every dollar they can find, which might well be the doolars that were going to you.If you can find a credit service that will support your goal for taking people to them that might work.FHA has a first time home buyers.