Most underwriter's will be suspicious of a Land Trust filed, transferred, and recorded within such a short time frame.If your C buyer is using a mortgage broker or large institutional lender, chances are they will not be able to underwrite anything unless you close an hold for 30 days or more.

I don't participate in any sales like that because of above mentioned reasons.

Whether it's a secured 1st mortgage to a fellow rehabber or a discounted mortgage I've obtained from an institution, I'm addicted to "Cash Flow without Tenants".

The difference in the voting rolls is why some results can seem anomalous For example, although Toyota is one of the top 10 Most Admired Companies, it is only third in the Motor Vehicle industry-after BMW, which is ranked 22nd on the top 50 overall, yet is No. 1 among Motor Vehicles.So, J Scott was contacted by the Hay Group, who is under contract with Fortune Magazine, to participate in the "Most Admired Companies" survey.

As far as I'm concerned, Bank of America can close it's doors, take a hit in the market for the short term and have other institutions fill the vacum, it's the American way!

Now this is rather odd, since HUD has a long standing acceptance and participation in lease option arrangements, especially with Section 8 tenants (so long as no subsidized rent was used to credit the purchase price).Pay attention also to the reason for the underwriting requirements for your buyers and take care not to place them in a position where it is improbably or impossible for them to perform under your contract!

Be sure to check out the wholesaling forum and the BiggerPockets Blog, where we've got a ton of great articles on the topic.Good luck, and if you've got questions that you can't find the answers to, don't hesitate to ask.Of course, please fill your profile out and upload a personal avatar so we can better get to know you, and so others can more easily find/identify you as you participate on the site.

Being in the middle class is the equivalent to be a worker bee for financial institutions.

this site just gets better everyday, sharing info, i need to soak it all in so i can participate after some transactions.

FHA/HUD and congress pretty much told them to take a hike and banned them from further participation.