We are trying to purchase an REO home we have an accepted offer and approved loan.

Lets say i have found a property that im interested in what do i need to get together to get an approval for a Hard Money Loan.Thx for future replies!

I will be going into a 3 year graduate program next year and in my ideal world (ultimate goal) I would like to have about 30-40 properties before I am finished in those 3 years.

If you have a property picked out take photos of it, get the tax docs from the courthouse and draw up your income/expense estimates for the first year and show how you will make it work.Place COPIES of all of these papers in a 1/2" three ring binder that you can give to your banker and leave it with him.If you have a good well thought out plan and good credit you should be well on your way to getting pre-approved for your investment property.

Also there are a couple of programs that are updated regularly with county records. one ive tried is propstream..its ok but there are better ones out there and usually you can either get them through a real estate school (rob allen etc) or by just googling it

My current claim to fame is my rehab loan program that allows an investor to finance up to 75% of the future appraised value of a property.

The organization called Twin Cities Habitat for Humanity Mortgage Foreclosure Prevention Program (MFPP) for example is one of the organizations that assist people facing a mortgage foreclosure hoard their homes.

I was just told the Lloyds of London has a program that will do 70% Nonowner

The lenders ALL put that restriction right into their approval letters ––the buyer cannot be substituted.

If interested I can get you in to the program for quite a bit less than listed.