Chattel for Equity - Unlock the potential of your old stamp collection, jet ski or RV.

As long as you replace your Indiana property with something(s) equal or greater in total value ($240k or more), with at least the same amount of equity ($120k), then the sky's the limit.

Where I'm hoping to get some advice is that I have come across quite a few cases where there is only a 'Petitioner' and/or 'Special Administrator' - should I be mailing to these people when there is not a PR on file?

I think I wouldn't want to commit so much money if I don't really have a pre-marketing strategy.

Hard money lenders are requiring more "skin in the game" and charging 3-5 points at closing along with 8-15% APR! 

It offers 3% down payment, lower PMI than FHA, interest rate is 4.00%, and APR 4.063%, DTI ratio 45%.     

I will simply need one of two things: POF or a Pre-approval letter :-) 

At asking price with 25% down payment, 4.5%APR/30 year mortgage and using the 50% rule for expenses you end up with ruffly $200 per month Cash Flow.  

If it was rented in under 24 hrs the tenant was likely not properly screened unless the owner had a pre-existing wait list of tenants.

So 8 to 20k back at closing ( which should be used for reserves and not go out and buy a jet ski or a car  LOL)  and 100 a month to now a days 800 a month positive cash flow and in that scenario no cash in it actually cash out.. now today you will probably have to leave some money in 5 to 10k per prop.. but in many cases you should get all your money back.The key will be forming the team and finding the players in the fields to do this...