Just propose that they carry like 25% of the purchase for five years, interest only with a balloon payment at the end.

Non traditional credit lines can also be used (such as cell phone payments, utilities, rent) for buyers who do not have established credit history of 12 months.The back end ratio (proposed total mortgage payment plus current monthly debts) that is commonly allowable in FHA is 43% of the borrowers monthly gross profits.

So we got to talking, and he offered my buddy and I a business proposal..

(I know, everybody boo me) :shock: I have a client who is in PA and I'm working with him and his lender getting ready to propose a short.

Let me propose this:Your 40%-50% costs are probably based on the fact that your 1.4M properties are 30-unit apt buildings with 30 bathrooms to remodel and an acre of grounds to maintain, etc.

Understand that what you are proposing is very uncommon in the US so most folks will find it a bit odd, strange and overly complicated.I suggest you hire a tax attorney.

Many of us will assume that someone who is slipshod on writing an important proposal might be slipshod in other areas, like follow-up.then end up not calling me afterwards.

Also consider posting a free ad on craigs list with your proposal and see if you get any bites there as well.

I'd like to propose a scenario for some of you to explain to me what a note buyer needs to know and how does his process work.Let's say I originate a note for $20,000 @ 12% for 20 years.

What I proposed was to have the developer quit claim us onto title and we could then do a 70-75% cash out refi.