Now if you were proposing to flip these houses and your detailed numbers showed the all in costs would be 60% ARV, that we'd be out in 6-months, and you had the track record to back-it up, then I might entertain putting up all the money, but you can rest assured, I'd be looking for my pound of flesh to ensure the risk was worth it.Now, it your lender is willing to put-up 110% of the acquisition costs, let you rehab, and maintain title/control of the property, you are a lucky man and better treat this lender as well as your Mom.

So just found this property with a suppposedly "motivated seller" here are the numbers: Proposed Sale Price 185,000 Gross Rents - 1800 Less 8% Vacancy Loss <144>Less Insurance <44>Less 10% repair budget <166>Less Tax <180>Less deb service <1055> (80% at 4.875, 20% HELOC from Primary Residence at 4.5%Net Monthly $2168.3% Cap and the agent I work with likes the property and appreciation potential.Both units renovated 2 years ago.Thanks!

Here is a nice article if anyone is interested in learning more:An Overview of the SEC’s Proposed New Regulation A+: Does It Make the Grade?

That's the case at the federal level.I also gave feedback to the proposed rulings, for more lax regulation, but you don't see me claiming I impacted any decision, I'm sure the CFPB got an ear full.

I really appreciate everyone's helpI have since talked to a lawyer, and then proposed traditional owner financing to the prospective buyer.

As far as having friends in the area...My choice (at least in this question that I am proposing) is between not investing... for now, and investing in some type of network.

I would propose a daily or weekly storage fee, as others have said, with a firm end date.

They did it within hours so yes talk to ur lian officer and make sure ur inspection is approved and ur gonna need a contractor to provide a proposal after that meets the needs the fha inspection then u can add ur wants after within budget.

what the builder is proposing leaves him zero skin in the game. and if the builder has 20 to 25% skin in the game he does not need you that's all banks require. it really depends on the downside risk. everything is fine when its working.. when its not and we see these post on BP almost weekly..

Completely agreed...Except for the dating and marriage proposals -- I still prefer to receive those privately...