I suggest putting 10 to 20% down so you can secure a decent rate.

Obviously, you're keeping this scumbag's security deposit!

Also expect that your early decisions might need to be adjusted or changed as time progresses.You really need to consider if you expect the website to attract people or if you will be using other marketing to drive people there for info.See if you can get some input from Josh as he has a web background that exceeds the BP site.John Corey

Other companies are more flexible and will let you make loans, buy a house or invest in securities that aren't publicly traded.

go back to what you did- contact ther realittors, the courthouse and web sites offering the list of bks and preforeclosures. many can be had on this site and by google.

A wrap or AITD transaction includes you transferring title to the buyer and taking back a lien (trust deed or mortgage) to secure the loan you are extending to the buyer.A variation that some will use is a land sale contract.

If you had a 1 bedroom penthouse with secure parking and other things that are not reflected in the data you will have issues.

I also think it is a cost of securing that asset protection by using an LLC.

You obviously need to know the property's value, estimate your costs to secure and rehab, project your marketing time or exit strategy.

In the RE context the note is normally secured by collateral that is RE.Buying and selling notes if both a niche business and a big business.