No one seems to understand that your rate is fixed until the property is paid off, and stays constant no matter what the market is up to at any given time. 

Also, if the deal makes sense you could possibly to a joint venture with someone too.

Hello BP,After nearly a year of educating myself and reading through these forums constantly, I took some action and began marketing direct to sellers via direct mail.

Or you can joint venture with another active investor and use your $10k as helping pay for rehab or hard money costs depending on your market.I am sure many other people here on BP will have great advice for you. 

You could become a private lender or if you would like to be more involved you could joint venture with someone who could use your capital and work it out that way.

In Weber county, there is no shortage of $150-175K existing construction so there isn't a flight to townhouses for first time home buyers like there is in higher density markets.End of lifecycle issues present a major problem for townhouse communities and it's a tightrope walk that HOA's constantly battle with.  

I'm looking more into buying &holding....I'm a truck driver/operator construction field so yes work a lot.I'm constantly looking at the BP forums & love what I see how everyone helps.looking forward to better myself at this thank you. 

He owns the property jointly with someone else which is why I wasn't having much luck finding it without the parcel number.Rick H.

I am currently in the middle of Wyoming but have some properties jointly with my brother in Colorado. 

Most major investors require you to hold the loan for a certain period of time for a few reasons -buys them time to sell your loan on the secondary market -bankers lose their commission if a loan is refinanced with another investor/lender within that 6 month period -required vesting is part of federal regulation  that keeps an individual from essential making a living by doing constant cash-out refis -if you refinance or pay off the loan in the first 6 months, typically you will not incur any pre-payment penalty..but the bank does and it eats that cost-required vesting allows you to establish payment history that shows on credit 3.