I have talked to a guy there who simply lied, that, or he didn't know squat.As to the underwriting, you're correct it's 75% for cash out after one year.I agree with Chris, a portfolio lender could be a better bet.The rule as to values is the cost or purchase price or the appraised value, which ever is less within the first year, after one year the appraised value is used. :)

I used to use Quicken for personal but when I started using QB for business I decided to use it for both business and personal, I figured why have two programs lying around.

Having graduated this past June with my B.Arch I am now working as a project engineer for an /international specialty contracting firm gaining hands-on experience in the construction world while at the same time networking and expanding my range of contacts.However, my true passion lies in the entire real estate process from the creation and design of properties to their funding and ownership.

You will make much more if you leverage your own funds with hard money but as per the other posts, you will have to cover a significant amount of cash with your own funds.Flipping is a numbers game and the numbers don't lie.  

Found him online, so really he has no real loyalty as in a 3rd party connection.That's the thing, he is extremely efficient, and I thought we got along well and I could trust him.But I guess actions speak louder than words.I will 'interrogate' him tomorrow about the situation with rapid questions and if it's obvious he's lying I don't see the point in working further with someone I can't trust.

The reality is now with technology at the levels it is, all a manager needs to make deposits into an account is your routing number and account number.

This particular couple actually lived about 3 doors down and would know I was lying.

As we are a part tech company and a part finance company, we've built technology to allow for automated distributions directly back to investors on a monthly or quarterly basis.

With regard to the 73%, you can plug in the numbers and arrive at 73% but my criteria for investment lies much deeper than a percentage point difference in profit.

I'm not going to lie, there is a different type of buyer for MH's and they accept different things, at least in Pittsburgh.