Eli,So if you are doing it with no money or credit can you explain that trick to everyone on BP.Joe Gore

can someone please explain how Fannie Mae Homepath works for investors?

Please explain!

I know I don't understand loans enough, is there a book out there that explains loans?

Maybe I can explain a little better.

I think I didn't explain well enough as it appears you are understanding it 'backwards'.The partner in our 3 way LLC is actually OWED (he lent it out) the 100K, by someone who is NOT involved in our LLC in any way.

They usually have a home inspector come in to explain the process and then the home inspector distributes their info to the future agents.

@Jerry Kisasonak We started out with the standard government lease which is 4-pages of actual lease and 5 pages of excerpts from the Residential Tenancy Act which explain the obligations of both parties.

Sometimes you need to offer a carrot to make it happen - like extend for 12-months at the existing/discounted rate {after explaining that rent would be going up}.

What the LLC gurus don't explain is that the LLC is still your asset, your assets can be clean out through the back door as easily as the front, meaning, a management issue goes to management company, it gets nailed and its interest are at risk.