For me, it's the ability to yank my own chain and thereby do what I want to do.

Why would anybody agree to such long closing, ESPECIALLY if it's contingent on the wholesaler CONTRACTUAL ability to assign to a 3rd party.

2-Find out their business ownership/management experience, nobody wants to set someone else up for failure3-IF they don't "need" the apartment, You should advertise & secure a tenant 4 them, w/1st/Last/& security, so that potential "problem" w/both future lender & appraisal is already dealt with (read=documented INSTANT Cash flow, more appealing to buyer, & Lender), preferably w/a nice LONG lease (say 2yrs w/a 1 year extention option)4-Holding a Seller Second makes this a VERY "do-able" transaction, just need to make sure borrowerA-Has great creditB-Good ReservesC-Proven Track Record in Business (4 self or others)D-Realistic Business PlanE-The Guaranteed ability 2 make the paymentsIf they have their act together, You'll know who they are...Let me know if I can be of further help, I've arranged financing on over 200 commercial transactions, & over 50 mixed use subject properties5-& Very Most Importantly....Don't be afraid to "owner finance"..

It certainly beats the crap out of working an additionl 40 hrs/week to gain overtime salary.Maybe it's more like this-- it's better ROI to put your cash in a money market account than keep it under your mattress; but it's better to put it into an index fund than a money market; better still to select a prize-winning stock; better still to correctly pick hedge funds/explosive growth companies, etc., etc.

I don't believe that you were trying to mislead anyone about your intentions or ability to get a mortgage.

Thanks to industrial growth in China you can be certain that demand for oil is going to increase even if we become more efficient in our usage of gasoline.3.

We are offering $150,000. with $20,000. down and owner carrying $130,000 @8% for 15 years with a balloon in 3 years.The improvements sit on 5 acres 2 blocks off a major state hwy and the town is the next stop in booming growth.

LTV, ability to repay, a good exit plan, and experience are more of a factor than credit scores.Once the project is finihsed, a no seasoning cash out refinance can be done to pull equity out, if your goal is to retain as a rental.

Oh and give in to the equation no debt, very high credit score and the ability to be full time.

The loan to value (LTV) depends on age and starts at about 50% to allow for the growth of the loan balance.