I've lost some money in the past when the deal did not close...But as Sam says - yes, the float to get things off the ground is personal money.This is one area where there is a fair amount of moral hazard.

Has anyone had any luck with Ca non owner short sales.It's chase bank and he has not missed a payment yet because he is using his HELOC to float it.

For performing notes I would keep the term short if you have a floating rate HELOC.

But if I do you are missing the cost of the loan unless this hypothetical seller is floating you at 0% if not over 30 years your 90k loan comes to 64k in interest payments at current rates.

-- If the worst case happened and it just didn't rent, would floating the expenses for this property change your quality of life in any way (For example, would paying your mortgage, buying food/clothes, etc be affected)?

I'm 25 years old and my father has offered to float me the funds to get started.

Wondering if anyone out there has had success, or failure using banner signs?

Hi, I was in the process of buying a home in jersey city, NJ , I talked to many lenders and then finalized the lender who offered me best rate, lender told me that it's 1 float down mean if rates go higher I won't be affected but if rates go down then rate will go down once, I filled online application, submitted all documents. lender also gave me pdf document with mortgage rate and all other cost estimate.Today when my attorney asked me for commitment letter, I contacted lender, then he told me that my rates are not locked and he needs to run again to see today's rate.it was a shocking news for me, because today's rate are much higher then rate3-4 weeks back.Just wondering if anybody else faced the same situation, what should be done, other then being a puppet in lender's hand.

We have a lot of cash floating around our market place.

The nature of a 203K is that the contractor must float the materials and labor to specific milestones to get paid.