I bet his Dad could qualify for a streamlined HARP program loan through his current lender with minimal documentation, no appraisal and minimal loan fees.

Chime in.Many I know use multiplier numbers... some people use spreadsheets or programs... what say you?

Basically I just signed up for the Joint Venture program with Richard Roop who leans towards owner financing using creative strategies and a long term hold approach.

It gives you exactly how the letter should be prepared and what wording it should contain.

If not, then you will have to prepare a new lease and make all three parties sign it.

Confirm everything, assume nothing unless you're prepared to deal with the risk should your assumptions be wrong.

However, that will put me above the 4 loans that most lenders will finance.I saw on another BP thread that someone suggested checking out New Penn Financial since - according to their website - they have a real estate investor loan program which allows you to finance up to 20 properties.

I know one thing, when the hammer falls I will be prepared.

And thus, he didn't do much for the twelve months I coached him.Months after he left my program, he sent me an email updating me on where he was at.

I am skeptical but interested in what he had to say so I was wondering if he is just a person trying to sell his get-rich-quick program or do concepts like that actually work in practice?