FHA is disturbed with the last 1-2 years of the borrower’s credit record.

Then I'll leave the rest in my company's account to show as reserves to borrow money to buy some manufactured home communities and some apartment complexes that'll give me positive cash flow each month and just keep building wealth that way without having to use my own money.Most importantly, I'll make sure that I have an excellent tax strategist/financial planner on my team to make sure that I don't lose as much in taxes.Once I'm generating enough cash flow each month from my holdings, I'll travel the world with my family then settle back down when the kids start going to school.

We have a sizable income to draw from for this purpose and the ability to borrow on lines of credit if large amounts of cash are needed quickly so this guides our behavior on how much cash to keep in our portfolio.

He can take out a bank loan, a credit card advance, borrow from family or friend.

Hey Andrew,It actually depends on how much money you would borrow on your mortgage, i.e. what price range of house you're looking at.

Commercial loans are made to companies (sometimes individuals) and they would be for properties that are not going to be the borrower's residence.You need to check the mortgage brokerage laws to see if you need to register with the state.

Meanwhile, the guy wanders into local establishments asking to borrow small amounts of cash from people he barely knows.

So I'm thinking of borrowing some 16% money very short term until my other deals close, just so that I have enough to close my other deals.

As it stands, even with a $5K downpayment, I would need to borrow money from my parents to pay it.

The new guidelines state that if the ltv/cltv is over 80% that the borrower has to have owned 50% of their properties for at least 2 years.