Some maybe able to create beautiful music, other fantastic drawings or paintings.

HELOC for 75% of assessed value based on county assessors page (15 year draw). 2.

He said he needed to see my drawings, I asked why.

Robert, as an investor drawing up my own BP this is critical to selling anyone on the vision.

People catch on to that and it draws the right kind of people here.

Some may want 30% down from purchase price to come out of your pocket and some may only want 30% equity off of appraisal and some may even let you draw out fix up costs up to a certain percentage of equity.

If you purchase the property at the foreclosure sale of the second, you'll own it subject to the existing first and it is at the discretion of the first lienholder whether they will allow reinstatement and subsequent payments.

if they have the money and are just being a-holes, you're probably in luck. it may take 2 years of legal / bueracratic BS for you to ever see a dime, but at least there's money there to go after.if they're broke, well it's kind of frustrating because you can't draw blood from a stone...

Forgive my rough drawing here but this is what it may look like then....

I first put a FSBO sign on it while being re-habbed,,. 2 wks after completion depending upon interest it then goes into MLS @ 1% w/ a trusted friend and old client.Btw have also found that title companies will do most of the work for you.Just make an appointment and tell them what you are doing and they are happy to help you....Even have had them draw up contracts......