Number two FHA loans are not very desireable by sellers; they'd rather sell to someone with a conventional loan - or of course cash.Depending on the property your best bet might be a low down conventional loan (5% down) and then fund the remodel after the purchase either through hard money, family money or you can borrow from your own 401k for example!

What do Borrowers need to know. a.

I've seen several cases where a lender or bank stopped offering a product, but their website still says it does, and I have to show the borrower a news article where they held a press conference (or whatever) announcing that they no longer offer it. 

Most borrowers who are in default face worse ramifications from foreclosure than short sales so it's a lesser evil.

Unfortunately, for the onesie-twosie investor this aspect of the market is most accessible because most people with some ambition can save or borrow 10k to buy one of these houses.

I have one question for everyone as it was brought up to me today.I am going to borrow 190k for the deal using private money.I found a bank that will let me refinance after 6 months.1.

For new investors, Surepoint is asking for 20% down and to show liquidity of roughly 35% for the total borrowed.

I'm no lender or borrowing expert, but would think both parties sign for the whole loan, like a husband and wife do.

Do you have a family member who trusts you and could borrow from.  

Helllo there and thank you for all that reply and give me advice very appreciated thanks Warren buffet said it is a good time to borrow money right now.