your objectives or goals to maximize subprime financing should be to maybe hold the property for 1 - 2 years, (You may have to eat a 1 o 2 year prepay but it will lower the rate from a loan with a zero prepay,)while you build your credit back to an a-rating, then refi your cash out for more investment projects. theirs tons of new products, on the market that fit your particular scenario, such as the option arms, option arms give you the luxury of choosing/paying your mortgage 4 different ways each month.. 30yr P&I, 15yr P&I, Interest only, or whats called Neg am(Negative-ammoritization)the neg am, could allow you to get into a million dollar home for like $3k a month, they have 1% start rates.. these loans are really good for short term properties, like a year or 2.. especially if the property is in a desirable market..

I could pay off the outstanding debts if I thought that would change my credit but that takes time and I was refusing to pay for the on principle, for bad service.

larry,what is your objective for your purchase?

If you have lived at the property and done work on it yourself, paying $165 for clearing vines is something you can object too; however, if your locality actually FINES owners for unsightly conditions at their property - this cost may well be worth it....time to consider tasking the TENANT with yard maintenance.As a fee property manager, I hold a minimum $500 and max of $2,000 in my owner accounts - $500 is about the cost of replacing a hot water heater after hours.....second guessing your property manager about repairs WHEN THE RENTAL MARKET IS SOFT is like shooting yourself in the foot.

As you’ve seen already, the principles are the same to other types of investing: there is some capital outlay, there are risks, but there’s also the expectation of a reward.

Going across the page I list the monthy principle, interest, taxes and insurance.

I know this is an older thread but I am interested in how one would overcome the seller objection to using the wholesaler's title company too.

It says he has seized apprx. 43.95M so far but that we are 42M short of the money needed to pay back all principles.

For real estate investors in particular, seller-financing has continued to be a primary tool in achieving their investment objectives.

Okay , yes I am a super-newbie, yes I know you hate newbie so....Bought my first property for the sole purpose of investing.Not buying my home first and moving out later.Okay paid 190k less 5k closing put 42k down.Interest only mortage 6.875% for the first 10 years/30 year mtg.Filled out a form for section 8 housing.I am going to let weichert find me a tenant because its 20 miles from where I live.I put an ad on craigslist, just hoping for feelers.http://washingtondc.craigslist.org/nva/apa/244007813.htmlSo far nothing, no calls since last thursday, yes I know its only 6 days , but I guess I am nervous about being vacant all winter.I have enough saved that I could pay for the mortgage no problem.But like someone said you don't want a savings account investment where you are putting in all the principle out of your pocket, you want to make money off the rent.Any good tips on finding tenants?