I am sure that I am not the only person out there that has this problem, but I have finally come to the realization that because I have no cash and crappy credit that a hard money lender is the only way to go right now....if there are other suggestions, that would be great.

I finally had enough and gave him the code enforcement officer's name and badge number who approved my properties for occupancy with the same "needed repairs" he listed on my friends' properties.

So you will either have to increase rent to about $500 per month or lower the price down, or get a better interest rate or get a 30 year or 40 year mortgage.....And finally your last problem, which might be your toughest hurdle (as i had this problem) Unless you are in good with your banker you will be hard pressed to find anyone to give you funding for such a low amount

Thanks to everyone for your insight, honest brutality, and gift of helping others.That said, I'm finally looking at my first REO.

I was excited tonight to finally crack into the Top 12!!!

I know sometimes you really have to show them in a full analysis why your proposal beats theirs.

Reason 2 is to build capital to purchase multi-families, do some seller financing, and finally to possibly get involved in the note business.

We should be hearing back from them in the morning as to a final decision, and hopefully we will submit the contract to our title company tommorow to open title, and we can start to market it to an end buyer.I will keep you all informed as to how it goes.

MAYBE what goes around finally come us around to us old guys.

I'm surprised that we don't have a thread on the NBA Finals.