I used a cash advance from credit cards to reinstate the loan, and used credit cards to finance the rehab.On later deals, I used a wraparound mortgage (actually an all-inclusive deed of trust) or private money from a hard money broker coupled with credit card advances, signature lines of credit, and later an equity line of credit to bridge the financing gap.All of that helped me build a track record that allowed me to do the next several hundred deals pretty much the same way: using equity raised from wealthy investors desiring passive income from alternative investments, coupled with either bank debt or private money lenders (at much better terms than when I started).Good luck!

Well, that assumes that the money partner has the ability, time, and knowledge to do all of that.For all things being equal, IF the funding partner has no time, no desire, no skill, and no experience to perform any of the duties associated with finding and managing a rehab flip deal, and the other party takes 100% of that on, then I think it is common ground to arrive at a 50% split each.From there, you can make adjustments and edits as one party made add or bring more to the table.

Okay, you guys, the idea wasn't to pick the best but to list all of them, from the best to the least desirable.

It just keeps getting better and better.Now we all know we don't physically get anything for the highest influence levels or being in the top 10, but it certainly dipslays to others that the ability to obtain such a feat is only accomplished with dedication, persistance, and the want and desire to succeed.

In CA, most land especially in desirable cities is mostly built out and I have yet to see land growing off the coast.

They (those banks) are notorious for lending an Alt A platform (UW)You need to have access to the banks not some yahoo that is passing around IMB, Homecomings type product that says he's direct to the mandate "of a bank" of all placesI got an IndyMac tape last week and was surprised I didn't see it direct so I asked my guy there and he was miffed as wellTurns out the tape was so old NOBODY remembered itMost of it sold last fall,I really have no idea why people shovel product to the masses, short their desire to get to a "real" buyerMy question though is what type of relationship will you have created when the actual entity wanting to purchase the package learns it is not real or won't trade at the levels offered (30's and 40's)Peace :beer:

There are few transfers in the paper weekly even in the most desirable neighborhoods because prices are so very high still compared with wages.

That said, some municipalities have zero desire to allow a discount.

The caveat on this choice is I loved growing up in Detroit (Warren, specifically) but neither my wife nor I have a huge desire to live there at this time.I would be very grateful for any insight from the community -- thank you!

If you aren't excited by the prospect and you no longer have a desire for the career you were going to study for it might not be the best choice.Going to Community college for a while isn't a bad idea.