Effective Date: 03-19-1993 5313.03 Biannual statements furnished to vendee.Every vendor under a land installment contract shall, at least once a year, or on demand of the vendee, but no more than twice a year, furnish a statement to the vendee showing the following: (A) The amount credited to principal and interest; (B) The balance due.A land contract passbook issued by the vendor or a financial institution shall be sufficient compliance with this section.

Now I am getting into private lending/joint venturing.

The reason the lending is tough is because their risk is higher. 

Make sure he knows that you are already giving him a break on the reduction only asking for 4k instead of 6k and that they are code and safety issues you're talking about which will be faced by every buyer and may prevent banks lending on the property due to current code/safety issues.There is always another deal, don't give away money on valid issues just to get the deal.

Now they are looking at mobile homes since they are more affordable but banks don't like to lend on those either in most cases unless they are very new and in a certain condition.Right now, I've got three homes - 2 are marketed and one is getting fixed up.

I will not buy or lend on a property that is more than 2 hours drive from my home.

I found two portfolio lenders that will lend to me. 

Hello everyone,my name is Dimitry Adonis. i am new to biggerpockets as you can tell by my post title. i am currently employed as a Financial Analyst at a major financial institution in the New England area.

I already have a first mortgage, so chances of the bank lending a conventional loan to me are slim.

Im looking more towards the commercial side of development, however you may find "Professional Real Estate Development" and "Real Estate Development - Principles and Process" by the Urban Land Institute extremely helpful.