Account Closed It will only show on your credit report if the person who is holding the notes goes to a servicing company so it is recorded.

You’re going to be personally sued no matter the cause of the loss.

To a point made by another person who commented, you may be able to have a lender do a 'one-off' portfolio loan at a 95% LTV if they trust you enough . good luck.

No problem, I had cash from a refi, a HELOC, and a personal LOC.

I would be happy to discuss structure and feasibility as well as insight into my personal finances/personal stake into a deal with serious lenders/prospects.Even if you are reading this post and are not a lender but have valuable insight or experience with flips in Charlotte's market, please don't hesitate reaching out.

I've done this personally and have helped a bunch of other investors do the same.

Personally, I bought a 3 bed single family home soon after starting my job and had two friends from college rent which covered my mortgage plus a little extra.

How we purchased our property: Combination of Savings, Personal Loan with interest from a family member (4% interest) and a cash loan from Wells at about 8%.

During this 24-month period, the property must be rented to another person at a fair market rental value.After the 24 month period your sibling could convert it into a primary residence.

If you've never done it and never looked at properties anywhere in person, how will you know what any of the numbers even mean?