has anybody heard of Rapid Flip USA a owner finance program

So I'm reading 100 pages of mind numbing dribble creatively known as the "Troubled Asset Recovery Program"; aka, "TARP".

My mortgage broker/friend said he seen programs that go as low as 490 credit score but they have some pretty strict terms.

I know GURU's will say give them several ways to chat with you.

It rolls the renovations into the loan and it only requires as little as a 3% down payment in some cases.I've read a lot about the program on FHA and other sites so I understand a good deal of how it works.One thing I haven't come across is what the requirements are for being an "owner occupied property".

Then when everything is acceptable, both sign.Then the buyer makes the changes to the contract in our document assembly program and reprints the documents on the spot.

New program is effective today. Here are the details:

http://www.hud.gov/hopeforhomeowners/index.cfm

Borrowers may be eligible if (among other factors):

The home to be refinanced is a 1-unit primary residence, and...

But look where all of the social programs started…..the Great Depression!

SO, if you are 20 and can find some program that will double your net worth each year for 40 years, at the age of 60 you'll be worth a B.

If not, they will be a waste of time.If you don't have a formal coaching program, with contracts and specific expectations, then just have them learn on the job, by asking you questions and putting your teachings in to action.