For example is a personal loan from a bank is 7.5 % that you could use as a down payment (after its seasoned), and your 401k loan is 4.5% but the 401k is expected to return 7.5% per year the money you save on one end you miss out on the other end basically and if your 401k returns are 20%, then you lose out significantly. 2.

I hope management works, but taxes are flying, insurance is flying, and I just wonder if I made a mistake with this property. anyway, sorry for the rant...

That fund offering 15-20% is now close to insolvency and investors most likley will not get those returns but lose most of their investment as well.

Hope this helps, best of luck!

Hope to see you at the meetup Wednesday!

Because, the lender is entitled to know what risk they are taking with their money.That being said, on seller financing, if someone gets sued and loses, the lien/judgement can be filed at the county, (it's not automatic, someone has to prepare and send the paperwork) which the bureaus will pick it up on producing a credit report.

Will reach out, hopefully we can chat more soon.

I’m sharing my story so everyone can be aware and hopefully avoid the same experience.I received a call from one of my ads that targets probate clients.

Or should I find a property first and hope that no one will get that property under contract right away?

Most lenders won't require an application fee and should be able to clearly lay out their financing costs, cash to close, and projected profitability for you.I hope this helps.