Bernie - Brotha:  Ka-chingmost people see a mess - I see a slot machine!!!

What better way to get doors then to buy 4 plex with FHA live there a year buy another until you used up your 4 mortgage slots. you now have 16 doors in 5 years lets say all for 3.5% down and hopefully rates will stay stable.

@Arthur Zaragoza   I am not sure about others but I would have your take out figured out before I paid cash and counted on a refi.I would think your American relatives are best bet to get this done for you. they will be limited to loan slots ... then you can go portfolio and then lastly semi hard money if it makes sense.true non recourse with secondary lenders is in the 8 to 9% apr rates with 50% down..

Baltimore City and PG county are perhaps the best bet for smaller investors.

Account Closed   I have wrestled with this in my 30 years of doing HML's  and have gotten thousands of PG's but I can't name one that we actually went after.. the issue being those ( and this is generally speaking) those folks that borrow HML  by the time you would be in a foreclosure situation and have to move against the PG there is little to get.. its very expensive and darn near impossible to collect..

Saunders is a convicted criminal from PG county(look his name up in VA and MD courts) or even try google!

(See pg 3).

We like Baltimore, PG, and DC, but truthfully, any deal where the numbers work is OK.

For example, my company's lender says (pg. 29 of their 10-K) "Underwriting criteria and procedures for commercial real estate loans generally include ...

But we make sure they understand that if they pick the time and are not there, they get billed for a service call.Also, like the cable company analogy, arrange big windows on your time slots in case your people run late.Wm