You then pay points and interest from the day you won the bid.in some instance they will fund rehab etc.Now with these guys bringing in uber liquidity you can imagine how competitive the sales are and or were.. and deals become very thin the HML in these scenarios made as much if not more than the person buying the foreclosure if its a flip.. for someone buying a rental they may get the property for 10% back of market.. for someone looking to move in same thing.So the lender gets the bidding fee  they get points and interest on the money put out and they have 20% skin in the game from the borrower.. like I said genius model.PS I am experimenting with a version of this model as a lender in a few mid west markets were the purchase prices are so low.. compared to WA CA OR NV AZ  

Mid-term is to start looking at buying our first BRRRR property in early to mid 2020.  

Make sure lot and once done the lots should be worth 50 to 80k each minimumso back into some numbers first as a sort of feasibility study.like in many parts of the mid west and other areas were houses are still selling for 50 to 60 bucks a foot for older used homes. no way you can make sense to build anything new when existing is much cheaper.

Hi BP,My name is Brandon and I am about to invest in the mid west from LA.

(Note: For more background, I'm a girl in my mid-20s.

Such factors as your current Mid FICO credit score and deal history may be (even more) closely scrutinised amongst other considerations like DTI ratio and ARV.However if the deal is right and your qualifications are too and you can live with the terms then the answer is yes.

The issue I’m having is the properties range from mid $20 to mid $40,000 range and most investment type loans have a minimum of $50 to $75,000.

What I have found true (in my space) this year more than ever is you have to:- move upstream where larger deal flow exists- you must position yourself for that deal flow by delivering more value to the mid-level players that are pre-qualified for that larger deal flow until such time you pre-qualify for that larger deal flow.

It is okay to shoot mid range to save your reputation in the long run.

Until the mid 1940’s, most Americans did not own their places of residence.Big banks and their activities could be argued to have been the catalyst for the “American Dream” of homeownership becoming the majority statistic post-1950.