I doubt a CS rep is really going to search through the loan agreement.

It will probably always be a rental with this external obsolesence.Comp it out, review the cell phone lease very carefully, if any doubts have an attorney review it for you.

Most programs out there give you ample opportunity to simply cheat on quizzes/exams to pass their courses very fast.The Real Estate Exam is not very hard and I really think I could have come very close to passing it without any study work and simply using common sense, educated guessing, but there is a lot you simply will not even know anything about without proper studying.If you are self motivated, not very social or care to be, and know you will learn in-depth and want the freedom of being able to do it on your own time then take it online.If you like interaction, and doubt your will power to really study something on your own and not cut corners simply to achieve the end piece of paper result then take classes.I live in Texas though, so we are only one of a few states that seems to actually require any real amount of education to recieve a license.

first off I'm not sure I like the numbers on this one, but without knowing more about the property if I were to be into a 4 unit for $460k I'd want to be taking in at least $6k per month...unless all 4 units are 3 bedroom units I doubt you'll be taking in $6k per month...the income/cash flow is only 1 factor the HML's will be looking closely at...it is very hard to find good multi family deals in the greater Boston area, they are out there just very hard to find especially in the Walthams, Watertowns, Arlingtons, Somervilles type cities...you need large down payments in order to cash flow in those cities close to Boston...Also say if you were to get a HML on this property what is your exit strategy out of the hi interest loan?

I really just threw 30k out there, but I used to do rental restorations with my dad, and other construction, and I highly doubt it'd be more than that.

Now, on that there may be some states that might limit you to that actual cost, but I doubt it.

Better to be prepared ahead of time so you can make a calm, well-reasoned decision.Also, I don't know the details of your loan, but I highly doubt that you would have a loan that goes from "interest only" to "principal only".

Hugh, I doubt a property would get listed for double the ARV value unless the market is extremely rural or comps are non-existent.

I doubt you can do much better than a half a point lower.

I doubt a bank will sell an individual note, unless it's a local bank that you have a good relationship with.Instead of bringing a buyer to the bank, why not just get the note under contract from the bank and assign that contract for a fee?