Or are you getting some instant added equity because of smart buying too? (The

Can't tell you how many docs and tooth extractors I meet that are really struggling.   

@Drew McLaren  that's correct who ever bought it at the steps bought it sub too the first.

It's missing the refrigerator, but it appears to have a built in oven and microwave into the wall (forgot to take a pic, d'oh... think it's missing a stove too) The basement is almost finished... it has a full bathroom, a bedroom, a living room... needs a stove and refrigerator to finish out the kitchen.

They are mostly brick, but have a small portion of B&B siding that needs a paint job soon too. The

However, Fannie/Freddie will not loan to an LLC and you cannot transfer title to an LLC after closing without triggering the due on sale clause (there are ways to mask the transfer though but no guarantees search the forums).My suggestion would be to find a local portfolio lender who offers 30 year fixed rate loans.

There are some homes I look at and think this would be a good update candidate, but most just look like such poorly constructed/quality I can't see the point in trying to put a mask on it.

To my understanding the lender will need:1)Direction Of Investment form by ET filled out2) A prom note from me with terms( Here too the note for a note concept has me stumped)3) Security Agreement-   I am not sure of the verbiage I need for this to provide to the lender to give to ET???

Imagine going to a flea market where sellers are wearing a mask and are trying to sell you a 25k piece of paper.

Same fee structure, too.  The