@James Ng - in my state, CA, there is a class of licensed private professional fiduciaries.

He then lost his drivers lic when NY State pursued him for CS arrears.Patience.....pays dividends.

I think there were two situations where it made sense to sell privately.

As a new investor I could use a little background as to the process of, when a private money lender has been found and agrees to invest, let's say $100,000.00 towards real estate, what is the process of accepting those funds and putting into my LLC towards real estate investing?

- @Joe Gore : All offers are submitted with either a letter from my HML or Private Money, or a Bank Statement showing available funds.

From what I understood, it has something to do with the involvement of the government in the way Fannie Mae and Freddie Mac operate (the Federal Takeover of 2008) As I was explained, the new DTI requirement will apply to private portfolio loans, but not to loans that will be sold to Fannie Mae and Freddie Mac (Conventional loans).

Send me a private message if you're interested in chatting.Mike

I like MLOs...1. lease and option for low NOI.2. get private money for repairs with no interest for a while (moratorium)3. fully rent at higher rents (higher NOI), wait 12 months4. either buy LO and resell or- assign the deal for a fee.

You can get had money referrals and access some private money.

Welcome aboard, Joseph.I don't get out to B'More as much as I probably should, but I do have one active private money loan there.We share the exact strategy; popular, but I believe a highly effective one-two punch.