To keep the math simple, if each of the 5 investors placed $40k into the deal which was for $200,000, then your first deed of trust would be for $200,000 with each of the five investors having an undivided twenty percent interest as beneficiary.As for your offer, Jon made a great poimt.

A natural person who, either individually or jointly with theperson’s spouse, (i) has a minimum net worth of one hundred fiftythousand dollars ($150,000) and had, during the immediatelypreceding tax year, gross income in excess of one hundred thousand dollars ($100,000) and reasonably expects gross income in excess of one hundred thousand dollars ($100,000) during the current tax year or (ii) has a minimum net worth of two hundred fifty thousand dollars ($250,000).

I was able to better my position by refinancing last month reducing my interest a full percent and lowering my payment by a little over $200.

What are you guys seeing for commercial rates right now and what percent down do they typically want??

You bid down the interest rate in 1% increments from 16% down to 0%.Rate Percent with the most number of bids overall: 2014 - 7% 1,162 bids 2013 - 7% 18,001,058 bids Most bids per lien/parcel: 2014 - One lien had 38 bids 2013 - Two liens each had 482,840 bids

You can NEVER sell that property in this lifetime as it will never be worth the purchase price and that's the problem.

p_action=doc&p_docid=14BE2100C5CA50A8&p_docnum=2 I have heard of some nightmare quotes for some properties though.What gets me is how the mortgage co can insist you carry full flood coverage even though the mortgage might only be a small percent of the home value.

The minimum required down payment when buying a primary home is typically 3.5 percent of the sales price, which will allow you to get a FHA Loan. 

Maybe not even in my lifetime.

This yields a percent and the typical max BER is 85%, in other words required expenses can be no more than 85% of total actual revenue.In the example above the BER is 84% or pretty close to the max.