Originally posted by Edward Barnes:Skip the bank...the city won't cut on the water for a day?

Basically the same concept just separate pins.

I also was a Mortgage Broker....Originally posted by Harold Wimberly:...I have to disagree again.The Person doing the loan does own the property. ...The borrower is the owner, the lender is just the lender and is not an owner of anything other than a note and a security interest in the property.Not sure what training goes into becoming a mortgage broker, but I would have expected something as simple as that concept to be included in the "basics", like before the 101 level of coursework.

Sorry if the initial post made it sound like I didn't understand some of the basic concepts.

It's a great concept & returns using the LTO concept are phenomenal.......we just had a couple walk away from 4 years of LTO payments (& $20,000 of renovations @ their expense) on a SFH.The week they gave us notice we already had a new couple sign up & move in without any downtime.

Other concepts which are usually misunderstood by many.

The concept of a bulk trade tends to be misguided on the street.

I'd like some feedback on a program idea to stimulate the rehab of SFRs in and near our downtown neighborhoods.Essentially the concept is for our department to serve as a hard money lender for flips in targeted areas.

To address the specific OP concepts, there are note investor who purchase assets on a nationwide basis.

Hopefully those glitches are over with, because the concept is awesome.