We have connections with 300 lenders across the country.

I get calls everyday from buyers all over the country, their realtors try to talk them out of Hubzu because they are not willing to roll up their sleeves and understand the process.

Where in the country are you?

Note that the term on these notes matters a lot; especially if you'll have a lengthy rehab where the project duration may possibly exceed the note term to get a marketing period long enough to find a suitable buyer.5 points, 15%13%, 4 points, 1 year, 70% LTV13%, 4 points; talking 90% LTC, 1-year IO, $750 processing9.9% IO, 3.5 points, no prepay, 1-year, 90% LTC70% of appraised value, 4 points, 14%, 95% LTC, 1 year65% LTV, 90% LTC; 13%, 3-4 pointsThe best lender I found in the country that would loan on new construction projects in Austin was 9.5% IO, 3.5 points, no prepay, 1-year term, 90% LTC.Local small regionals will loan at 85% LTC (the FDIC standard limit without carrying an exception on the books) at about 6-7% and 1 point.

Its very common in my area of the country.

Tucson and other areas of the country are very hot where multiple cash offers and selling prices are 98% of asking price.

Stanford is the largest and does a lot of specialty insurance for community owners and retailers all over the country.

When investing in Detroit (as an out of state as well as out of the country) you need a strong property manager, that KNOWS THE AREA to handle/assist.

My numbers are slightly different obviously because we live in different parts of the country but the process is the same.

The CPA was interested in our company because we create and sell Performing Residential Notes in the South Eastern Michigan market to our investors utilizing their Self Directed IRA's.