$25K is not enough, in my opinion, to insure a solid reserve fund.

Renters are being squeezed as investors swallow up property.. and home owners raise rents in relation to their skyrocketing property values.  2004 also had an overbuild of condos, mostly funded by investors instead of future homeowners...and many of those condos stayed vacant for years..

I was fortunate to have a savings fund my parent set aside for me I was able to pull out from after college.

HI BP, I want to borrow some funds off of my Dad for a quick rehab but he's new to the lending game and I've never borrowed short term before so we're both curious as to what's the norm for this type of loan?  

I live in the NYC area I was wondering if anyone has ever been an investor for a developer for a funded investment in Brooklyn?

Looking for advice on how to obtain a secured (using property) non-income verification type loan for the purposes of renovating a non owner-occupied second home that is owned outright in order to to turn it into a short term/vacation rental (thus utilizing those projected funds for repayment).I've looked a lot of options (mostly from conventional lenders) but 99% of them want to see tax returns/proof of income.

We are buying two full rehab homes for <$25k in total - our strategy is going to be to fund the rehab with a hard money loan, build equity once the rehab is complete and then refinance the homes to get out of the hard money loans. 

They were looking for direction on where to start in the real estate process, and I tried my best to give them the information on what I would do in their shoes if they didn't have the funds to pay realtor commissions, closing costs, repairs and everything associated with getting the house sold.

I and my wife paid off all debt and save up our emergency fund, we got our finances in control and are now looking to start investing.  

It can be challenging to match up his funds amounts with the opportunities as well.