If I was in your position I would find a market first, then commit to a plan 100% and then seek funding sources.

If you could provide more info on the returns you are seeking that would place the money into certain asset classes and being passive versus active.

I have outlined a couple belowThe more I get into this the more numbers I have to dig up and project going forward.Background Information· Purchased 2003: 250,000 (no down payment)· Refi 2006 timeframe (money out for improvements)· Refi 2009 (to avoid drastic increase in payment and rolled in prepayment penalties) I signed the papers so I have to live with itUnless it is absolutely necessary I would rather not discuss the above mistakes in great detail.

Also, research your specific 401k policies to see what your options are regarding loans or withdrawals with penalties so you know exactly what access you actually have to that money if needed.As far as the other condo, is it possible to work out a short sale with the bank and get out of the monthly loss?

If payments are slow or in default the examination can go deeper.Then if it's discovered that you misrepresented things, you could have problems.It's irrelevant if you know of someone who lied on a mortgage/loan application or if you know someone who says they know someone who did, or the amount you put down, or good intentions, knowingly presenting false information or obtaining a loan by deceiving an insured lender is a felony.I suggest you seek other financing options, with your down payment there should be seller financing options available, partner with another, if you have a retirement account you might be able to change accounts and borrow from yourself, seek private investors, do an installment deal like an option to be financed in the future in 3 or 5 years later.

The easiest way to start is to develop an investment criteria and seek out multifamily in each market that matches that criteria.

They think we are a bunch of low balling fools that waist everyone's time.I would suggest talking to some local investors and find out who the investor freindly agents are and seek them out instead of going for a particular franchise.

I'm a Wall Street castoff after 20+ years, and seeking my next career in buying, renovating and re-selling properties at under fair market value.I attended a seminar last night as follows:Thank you for registering to attend the FLIP MEN Free Exclusive Preview Event.

The most laughable part about this exchange is that anyone who would want to owner-occupy would be seeking conventional financing, which means that they couldn't use this LLC sale disguise method that he suggested.

If you use and file the one in the link from Jon you will face a penalty.