Hi, an investor has been talking to me about a condo conversion in atlanta, 1280 west to be exact, anyone familiar with this conversion, any positives and negatives??

I started out wholesaling houses to investors who want equity positions (NO CASH OUT)....I simply created my starting funds doing these deals....I must say it was hard at first with plenty of properties but no buyers, now it is vice versa.....these days, you have to watch out for those properties that are not truely discounted...best of luck!

How bad of a position is this to be in?

. – I WILL CONSIDER ALL LENDERS IF IT MAKES SENSE.2) Hard money or private lenders that will pay for 10%, possibly more of the purchase and/or the fix up costs and / or the payments on the property and / or points required by other lenders (created as a second position note) not to exceed 85% of the ARV.If you are a lender – Great, if not but you know people who are lenders and are willing to help a fellow investor out – Great, if I need to give you a name to get a name (trade names) – Great.I have properties in Utah, constantly but none specifically being listed at this time.

At the same time building up you cash and credit to put yourself in the best possible position when your ready to start investing.

Those times when that has not been the case, and the bank has required nothing down, I've usually found that the mortgage broker misled the bank and told them that the investor was planning to move into the house upon completion.In order to build for my investors without putting them in a position requiring cash, or requiring them to mislead a lending institution.

Isn't that putting yourself and others in a bad position?

please evaluate this investment -------------------------------------------------------------------------------- I know the philosophy for many is you absolutely must have positive cash flow for it to make sense, but what if you had a rental in the negative ($300 after all expenses...it is an interest only loan too by the way) in Las Vegas ....you know you could do better but don't have the time to find another rental right now?

Such work as this will ensure a positive and fruitful community and any less will lead only to a high membership clanish and not productive grouping of people.

Your income situation changes and you pay more on the loan.Investors can generate more monthly positive cash flow due to the decrease in payment.