I found one that lends at the following terms: Interest Rate: 5-year FHLB + 3.00%, floor or 5.95% Adjusts every 5 yearsNo cap on rate adjustment (Note: Seems scary)Maturity: 20 yearsRequire 30% down.No prepayment penaltyI am wondering if anyone knows what has been the historical 5-year FHLB rate and any predictions on what it might be in 5, 10, and 15 years since the rate adjusts every 5 years.The no cap on rate adjustments is the scary part, but I guess I could prepay the loan if the rate goes crazy high.Does this look like a good options to secure long term financing if I've hit my 10 Fannie Mae loans already?

The first thing they will want to do is check your credit and if you don't get a good feeling for the person you are dealing with, you will take another hit on your credit profile for the next lender you go to.

Hit BP hard for past suggestions and network in your area to find someone that is doing what you want to do every day.

Plus they still hit you with the minimum water/sewer charge even though the water meter(s) were removed.

Thought you were an examiner and understood what the purpose of bank regulatory policy was all about, but either you're playing dumb or you really don't know.Government is necessary in a capitalistic society, it doesn't function efficiently without government.

And you're right, absentees are not the only targeted group to be hitting.

Hey everyone just wanted to say hello, im new to bigger pockets, iv been wholesaling houses for about 3 years and im looking to expand in to nevada im also needing to learn how to do lease options and contract for deeds, any ways hit me up on here add me on here as well as on you tube, just type my name in Thomas Sanford and add me to your youtube account, thanks and god bless

I'm hitting the ground running over here!

I'm going to hit the streets.

I'm building this in to the price I'm going to offer, but a $2k-$3k hit per unit is most likely worth escaping any liability.