These two things alone were enough to back me off but then the real kicker was when he told me that he had spoken with other rehabbers who passed up the property due to the inspection revealing the foundation was bad.This house is probably best suited for demo.

Please people, if you dont have the cash or a private or hard money lender, do not even think about bank REO;s.

:wink: :wink: private message me

$50,000 60 day private loan needed to secure a Bond.

Call Dog or your local private investigator.

I have a private equity firm that purchase MHP 3 star or better likes seasoned MHP with 8 cap or better.

Large scale investors (to the magnitude you speak of) are faced with the same issues you have mentioned (dings to personal DTI and credit report/scores, etc.) and often turn to private funding to avoid these concerns.

Do usury laws apply to Hard Money lending as well or privately lent funding?

ARV lending and other sources of private money are the last frontiers for 100% financing, expect for these sources to take on more relevance as the subprime, high LTV/low doc, investor financing sectors continue to evaporate.

The same developer is about half way through the largest privately-funded redevelopment project in the nation.