Be prepared to provide documentation.

It may take a little longer than you hope, but with solid preparation and a firm commitment to your success you will get where you're going.

Simply stated, if you create an "out" for a debtor, you should be prepared for ALL DEBTORS to be looking for a piece of that "Bailout Pie."

I'm sure you have dozens of FSBO signs to call in a day, but do yourself a favor and ask about the house first, before, trying to work your creative financing magic.

The lease is prepared for 24 months.The option is prepared, but held by fidiciary (attorney).

You already know the hit your credit will take and as David said be prepared for a forensic audit of your loan application and supporting documentation.

So I'm reading 100 pages of mind numbing dribble creatively known as the "Troubled Asset Recovery Program"; aka, "TARP".

How do we finance the deal creatively so that we can own it in an LLC?

Figgy, I'll tell you like I tell my students, if you are going down to the bank for financing sooner or later you're NOT going to be eligible for a loan.If you know how to buy properties creatively...

There is always a way… I love creative real estate!