If dealing with CW you can generally get up to 3% of the loan amount covered, which should cover most of your loan costs and pay for a buydown point or two depending on the deal.If its a cash deal you should be golden if its CW...I'd imagine other troubled lenders are just as forthcoming when it comes to closing costs, all you have to do is ask.

It doesnt need to be more than 1-2 pages max, they are not as complicated as they sound, very simple and to the point as long as it protects you.Then an assignment of contract to assign to an end buyer.Now your golden

And there's a golden nugget - when possible, deal with the local or smaller banks when it comes to REOs.

As always, Buyer-Beware" is still the golden rule, but know that you CAN really do well.

@Joanna Golden my situation was similar to yours when I started.

The Ridge team works with investors and have a plan to help move us through the "ten golden tickets" as Caeli calls them, of conventional loans and into specialty products.They cause us to look at our tax return in a different manner, so that we don't eliminate too much income with an overage of deductions, thereby reducing our ability to refinance later.  

Don't let anyone push you around and show tenants you actually care about their well being and you will be golden!

Two articles that appeared in the trade press yesterday suggest that it may be happening.First, in Globe Street, there appeared an article called "In Volume Dropoff, It's 2017, Not 2007."

Don't wait for the right answer and the golden path to present themselves.

In my 'perfect world' mind, I would be able to open that workbook and begin evaluating any given market because; a) First and foremost, it would be very user friendly b) It would be heavily automated through the use of formulas and/or macros that would provide easy to follow and understand prompts and solutions.c) Would be designed such that it would accept user entered data that, either as you went long or by the time you reached the end, you would receive flags of some sort that would provide a status of that market as a potential investment market (such as 'You're golden here!'