We all like to help here in the forums, at local REIA meetings and such, but a mentor is a high level of commitment on both sides.What are you offering/contributing in return for the help?

The HML is not obligated to make the loan until the HML issues a loan commitment letter to the REI.

They will ask, and if you deny the down payment is borrowed you're committing loan fraud.You could take on equity partners.

Hello everyone -My husband and I are committed to starting our endeavor in REI and would like to know how to find a broker so we can get things started and begin looking at properties.

What this is is a future commitment to modify the note or to provide future financing.

This year I am completely committed to completing at least 10 deals.What I'm looking to improve upon is having a better system in place in order to tackle so many homes in one year.

The court will not make any commitment as to how long they will use the services, but you can bet the bank will have a phone call asking the judge/court some questions on the side as to opinions.This should make borrowing easier, if there is a non-profit involved get that board involved with a letter of support, the mission, community needs justifications and the church involvement.Then make your presentation as Chris outlined.As Steve mentioned, this will be a portfolio loan, larger or regional banks should be interested in community participations, so don't leave them out.Good luck :)

I know most here deal with all kinds of stress in our lives, so I had to share this funny story.Last night I was taking to a potential private money lender, a sweet old widow, and she was finally at the point of committing.

So we came to the realization, there was no point to offer folks the application document, UNLESS they were serious about it and was ready and willing to make a minimal commitment with the application fee!

I would suggest attending REIA meetings regularly so you meet experienced investors and show them you are committed.