What they are is very simple; it’s a corporation that has been incorporated and has never done business and has been sitting on the shelf collecting dust if you will.

I am really new to real estate and needa little advice on how to do some creative financing with one property that I own.The home that I have been trying to sell for around 170k.

25 unit Apt Bldg

Asking $1Mil

Cap Rate: (Potential) 8.50%
Price paying (Per Sq. Ft.): $ 60.77
Price per unit $ 4 4,000.00
Gross Rent Multiplier 6.62
Expenses per unit $ (2,906)
Expense to Income ratio 43.72%
Income ...

I saw a post on our local board from someone who suggested it for finding creative ways for buyers with little to no equity....obviously a big share of our recent foreclosures.

Then we'll lend anywhere from 65-80% of that number for 1st position deals, and up to 100% for creative deals or undervalued purchases with potential.

I met 1 potential partner, 1 wholesaler that I might do business with and I met a lawyer who specializes in creative real estate.

Even if we were in the same time zone, we are not interested in a loan officer who has set hours when we have this many deals on the table.If you are a pit-bull, who knows how to be creative, familiar with the STATE of Florida's lenders and work until the deal is closed regardless of the hours, send me a PM so we can talk.

The greater bulk of creativity in this country is dedicated to developing more efficient ways for people to sue each other for no reason.

The developer has offered to get creative in helping them take these units down with seller financing or any other creative solutions I can come up with.

How the refinancing is going to work /existing first mortgage, second mortgage/ Title on a different name.This is my first creative RE deal and I don’t know to structure it.