I am looking to wholesale or possibly buy a property that has good rental income,equity,and a mortgage.As a wholesaler,are you simply trying to negotiate the best selling price or are you looking ahead and anticipating what the buyer may want in terms of the existing mortgage?

We would not even exist today if it had not been for local investors, who knew us as a smart business family, asking us to help them get started.

Most will give you credit for the bonus income so long as you have consistently received it over the last 2 years and that its likely to continue.As far as getting pre-approved via a credit union or a bank, keep in mind that credit unions are regulated much differently than banks and mortgage bankers, so they typically dont have the depth of programs and cant go to as high of an LTV on the purchase as a bank or mortgage banker / broker can.As far as 4 units being tougher to finance.

The questions you pose are very broad...use the search feature at the top right to find existing articles and forum discussions about those topics.

Why not raise leverage on the existing land?

If you want a website to advertise for private money, you should add a custom page to your existing site.

Hi Mike, Zoning regulations are typically very specific to location, and can change from even one block to another.

Although licensing is not required there are laws rules and regulations to follow just the same and a court of law will hold you equally liable.

so they got 7 days credited & were tickled pink.I got a signed addendum by the tenant stating it allows me to do any contracting back in May & I also told the existing tenant I'd be in the house to do work the week of the 24th.

The deal you are talking about doing with your father is a sub2 or 'subject to' the existing mortgage.