Joshua Dorkin and @ J Scott; You guys may not be aware, but someone has been substituting new pictures in your avatars.

Originally posted by J Scott:If loaning the money, make sure you get first lien position on the property, make sure the loan is for less than 70% of the after repair value of the propertyIn my opinion, it's reasonable to expect first lien position if you are contributing at least 50% of the total costs, otherwise I think a 2nd lien position is appropriate.Also, if you are taking a debt position only, be aware of the usury laws in the state where you are lending, and make sure you are not violating those laws by "charging" more interest than is legally allowed.

If you are aware of these programs I would think you can simply ask them if them offer the program you are referencing before giving them any additional information.

For 3 years, your rent judgment will probably scare off any mortgage lender when they see it, but borrowers do come up with excuses, "I was out of state when that happened and wasn't aware of it....." and it depends on the person, the rest of thier credit and other underwriting issues come into play.

Kevin,Make sure that you are aware of SEC regulations on a general solicitation.

Admittedly we had to increase the opening in the wall somewhat but as we were going to reside it we ended up replacing every window.We also had to be aware of the egress codes as we were replacing 2nd storey windows.It made a huge difference to their heating bills.

(My thoughts are I could then write this off as my own expense)Or offer the $55k and make sure the furnaces are replaced before I close [I don't know if this is to be done after the inspection as a condition, or just have my broker tell them that's how I want it before we offer] My thoughts on this would be less cash outlay for me, I'm paying interest on that 4k over the yearsOr is there another more creative way to handle it that I just am not aware of yet?

Orlando Centeno He is aware I have the property under contract and that it will be an assignment.

Starting as an investor, you need to be aware of costs you will face with multi-family housing.

Network within your community with RE agents, mortgage brokers, rehabbers to make them aware of your criteria that constitutes a sub2 deal for you.