Since the old property becomes an investment property, it is not likely you can cross-collateralize both properties into one loan either.

Hey guys I am a wholesaler and a mail carrier and I have access to this extensive list of vacant houses but I want to know what source i can cross-reference to find out if these are REO's or pre-foreclosure or privately owned and abandoned homes i can target as motivated sellers.

If we score high enough we will be shoe ins for an EnergyStar certification (crosses fingers).Marketing this house has been really interesting and fun.

If you want money people, you are networking in the wrong places with RE types, they know the game, what you need are private investors that you can inform, so long as you have the necessay knowledge.Civic organizations, the Red Cross, Literacy Council, Hospital Volunteers, Friends of the Library, Church groups, etc. are things the retirees get involved with doing community service.

Good Day all,

I am extremely grateful that I came across this website, and the knowledge that I have already received over the past few days. I wish I came across this website sooner!

I have been running businesses...

Now it should be just a matter of cross referencing.

First, the borrower must be in good financial shape, good credit, some experience and be able to show how they will pay back the money while the development is being built or have some cross collateral they put up for the deal.

If your land is residential but borders on where the commercial is set your chances are greater than being smack dab in the middle of residential and upsetting their apple cart.

Just to fax a copy of the initial title commitment with the initial amount "redacted" or crossed out would have worked.

You need to watch the cross co-lateralization to refi you are thinking about.