Finally, in the current banking environment, counting on credit for anything is risky.

It's not easy & yes it really does take a lot more expertise & education in a competitive environment.

In general to learn about real estate in a lower risk environment should i purchase a multifamily first?

There are extremely nice spots surrounded by a moat of rough areas.Zestimates do not consider "environments" more than a calculation of sales.I would drive around the areas and check out the upkeep of properties and neighborhood.If you are considering a home in the area, shoot me the address and Ill be happy to pull comps for you.Thanks,Steve

It's conceivable that the bank will not refinance your note for numerous reasons related to the lending environment, their financial condition, their appetite for your specific type of loan, or the location of the property.

I can't give you "data", but I can tell you that the city tried very hard to keep it small, slowing some of the growth and creating a very nice environment in the city.

In a rental environment, Hard Money works well when you find really motivated home owners and need to close ultra fast... or in situations where the homes need a bunch of rehab.

In the past year, we have surrounded ourselves with experienced professionals and invested in resources to educate ourselves in order to adapt with the continuous changing Real Estate environment.

Originally posted by Joe Foster:I'm looking for creative results, criticism, or similar ways of getting lower down financing by getting money back, etc.As Bill pointed out, you're not going to find a legal way to do this in today's lending environment...even by being "creative"...You are in-essence creating a non-arms-length transaction to arbitrarily increase the value of the property and then try to convince a lender to lend against that increased value.If you think you can find a lender that won't have an issue with this, than that same lender shouldn't have an issue with just funding the higher amount, right?

The manager at McDonnalds gets XX dollars, the district manager gets XXXX dollars, while the DM concentrates on other aspects at a higher level, he's still in the resturant business.Starting out with the thought of doing turn-around projects of that size requires extensive knowledge in building regs, community relations, understanding the political environment, marketing, law as well as purchasing aspects.