I do OOS investing and really for my market it’s the way to go I’d be saving forever to pay for a property and I wouldn’t make any progress I go OOS and it’s so much easier and rent is higher and property is much cheaper if I get enough I might come to my market but so far OOS works for me

blanket mortgage with all the properties on 1 loan. they will probably hook you up with some sort of NON-revolving line of credit for the first 12 months. they might go as low as 50c on a dollar ...it will be like pulling teeth to get anybody from lending department work on your case as its time consuming to merge single units under 1 loan ..but its doable ..persistence will get you some playing chips ..then you move "all in" on some REO ..turns out you were dealt KK vs AA and back to 9 to 5 ...just kidding ;-)

So, if the CL chooses to pass that on to the consumer, then yes, their rate could be better.

Maybe you can either calm me down, or tell me I am rightfully enraged.We have an FHA buyer for a rehab, and among the hoops we've jumped through so far are the requests from an inspection plus two FHA appraisers (actually not a big deal, just time-consuming).

I can say that wholesaling would be more time consuming, if you are only going to be doing one rehab at a time.  

There is so much more to investing that reading a book or attending a seminar...it's work, it's time consuming, it's emotional.

APR is a consumer calculation not an investor calculation.

He want's you to remain his neighbor FOREVER!

I have shied away from investing here for the fact that it may not stay like this forever.

Also create a "statement of understanding" between yourself and the "end-buyer-tenant", that the "end-buyer-tenant" signs and attests that he understands that you had a lease on the said property and that the said lease agreement was mutually canceled by yourself and the original seller on a specific date.The end-buyer-tenant signs that he understands that, as of this date, you no longer have any liability regarding this said property and the "end-buyer-tenant", forever "holds you harmless" from this date on for any liability regarding the said leased property.This way having a lease-option with the original seller, plus an "option release agreement" with the original seller;...and a signed "statement of understanding" between you and the "end-buyer-tenant".These three simple DOCS should go a long way to insulate you, if either the original seller turns into a "bad apple" or the "end-buyer" defaults.Both parties actuallyu insulated you and both "signed-off" that you have no liability from now on (date specific on all agreements).Bob