✓Requirements for a Delayed Financing ExceptionThe original purchase transaction was an arms-length transaction.For this refinance transaction, the borrower(s) must meet Fannie Mae’s borrower eligibility requirements as described in B2-2-01, General Borrower Eligibility RequirementsThe borrower(s) may have initially purchased the property as one of the following:a natural person;an eligible inter vivos revocable trust, when the borrower is both the individual establishing the trust and the beneficiary of the trust;an eligible land trust when the borrower is the beneficiary of the land trust; oran LLC or partnership in which the borrower(s) have an individual or joint ownership of 100%.The original purchase transaction is documented by a settlement statement, which confirms that no mortgage financing was used to obtain the subject property.

The current manager of my complex has been keeping the rent the same but tacked on a surcharge to cover water  (water is not metered to individual apartments) and property taxes.

Also, it's hard for banks to sell to individuals off market because it shows favoritism (it is favoritism) so to reduce liability/impartiality and increase transparency banks almost always go through a 3rd party broker. 

@Marc Dube, definitely want a HELOC to buy/hold for 6 months, then refi into conventional loan...rinse, repeat until I get to 10 properties, then will have to look at other options since Fannie/Freddie won't allow more than 10 in an individual's name.

They also made individual owners responsible for upgrading the stucco within the boundaries of their unit rather than making a special assessment to do the whole building. 

You can also add on individual services and have the company assign you a specific agent to take buyer calls and negotiate for you for an additional fee.

@Michael Junior I dont think you really need a class to teach you about buying foreclosures.

Hey I am 18 and I just got into real estate,Im studying now to get my real estate license and I’m starting with only $5,000 .But I am afraid to begin without the proper knowledge and guidance .So how do you find a mentor who is willing to teach and help you grow?

After this we spoke everyday making plans for a national company, creating content for videos and teaching others to do real estate investing.Please see where he indicates this in his email (attached)- "The reason I gambled with my time with you is I thought both of us could build a company together regarding lease options and land contracts in the midwest where these seller financing tools are common place."

The second example is the same essentially, but by the individual being licensed, even if not acting as a fiduciary, appears to be a net listing, which is illegal in most states.If you want to wholesale, dont get licensed.