The idea that a balance write off from a creditor may become a taxable event according to the IRS for the borrower is not new.

Some lenders will offer a "construction to permanent" (or "construction perm") loan which, from a borrower perspective, is one loan transaction.

When applying to add the new purchases to my spreader loan (promised that I could during the original courtship by the lender) they broke it to me that average seasoning for "commercial cash-out/refinance deals" was a minimum of 24 months before appraised value can be borrowed against.

Does Anyone else know of Funders who loan on 100's of Thousands & even Million Dollar Projects without even speaking to the Borrowers First?

A few weeks ago, I learned of borrowing money online from websites such as lending tree and acquiring sub 30K properties using this cool form of financing.This site is an incredible tool to be used for in learning, networking, doing deals, finding partners, and so much more.

.- I will be borrowing for 90% of the cost and my monthly cost on that would be approx. $1,100.- I will put away 10% for vacancy and 5% for maintenance per month also.Let me know your thoughts on the numbers and what else I can give here to help people review this.Property 2:- 2 - 4 unit buildings (8 total)- asking price $300,000- rents are $530 and it is also 100% occupied.

As luck may have it, we have a couple of local REI meetings this week and I'll make it a point to attend them.My strategy is to pick up houses at below market value (REO, HUD, Foreclosure) using borrowed money (hard money or private money lenders).

The down side is that they will require larger borrower equity stakes in the properties (ie lower LTV of 65%-70%).

@Hector , I have never seen anyone who was looking to borrow funds hand out flyers at a REIA meeting.

Also know as an acceleration clause.A little history lesson…In the old days when banks loaned money and took back a 30-year mortgage that's exactly what you got.It didn’t matter if you sold the property to someone else that loan stuck with the property for 30 years and could be taken over and paid by anyone.Well, in the early 70's banks, lenders, state governments and other interested parties were so upset that they were getting stuck with low interest rates, missing out on taxes, assumption and other sale fees, that lenders started adding due on sale acceleration clause to their contracts.As you can imagine, a lot of borrowers thought this was unfair and brought suit against banks and lenders.Unfortunately around 1979 the United States Supreme Court found in favor of the banks, and today the due on sale -acceleration clause (usually paragraph 17) is found in most if not all conventional mortgages.For years now buyers and sellers have been trying various ways to get around the problem.