Since you are effectively borrowing the whole thing, you will be paying interest on the HELOC once you right that check.

This is not to say that some smaller companies won't have these things in place but more often than not the larger company will have dedicated staff members that can assist with business planning, accountability, coaching, social media and more than likely a broker in charge who does not sell but is there to manage the agents and the office.Keller Williams has some great programs worth looking into.

Please let me know if we can be of assistance.  

Putting down 5% for the down payment the property looks like it would cash flow if I borrowed 145000 or less.

We gave an 'interest-only' promissory note to our borrower a few years ago. 

I'm an occupational therapy assistant from Laurel, MD.

I'm a full time occupational therapy assistant but i've really been itching to get more serious about real estate for awhile now.

Borrower loses legal right to reinstate in about two days so, unless they are stroking a check to reinstate within two days, or a check to pay it off in the next seven days, BK would be the only thing that would guarantee a hold on a pending sale...if you can't compel them just because. 

Hi Everyone, I'm very new to all of this and need a little bit of advice.I am currently working with a real estate agent that I know personally, I will be her first multi family purchase shes new to real estate but has a mentor at her company that has been doing it for decades and provides a lot of assistance though she isn't available very often so we are sometimes on our own and learning as we go.I have been renting the same place for the past 10 years and the owner is selling so now I have to find another place to live, instead of renting for over 1k/month I decided to purchase a multi family, at first I was looking for duplexes but then came across a 3 unit the asking price is 180k, it is two 3 bedrooms and one 2 bedroom, it has a 2 car attached garage, washer & dryer hookups in each unit, newer heating systems tenants pay all their own utilities except sewer and water which is roughly 2k per year the house also has 3 seperate large storage areas above the garage, and it also has a decent sized back yard. 2 tenants have been there for over a decade in the 3 bedroom units and 1 tenant has been in the 2 bedroom for about 6 months.

But if you're just borrowing from friends/family one at a time, there's probably other free options.