On the other hand I would disagree with Kyle about running down to $5,000 cash.

I did deals all over New England.I'd be interested to hear if you're walking in with it in-hand or if its being requested when you present and offer and if its being requested then by whom and does it also accompany a deposit.Sorry to jump in on your thread with this but I'd like to know.If its helpful to this convo I don't think we ever made a decision with the client on whether or not to accept an offer or negotiate based on the depth of the buyer's pockets it always had to do with how much the asset was on the books for weighted against the potential for further loss.

They are very hands off.

There were also a handful of loans to trusts made by WaMu and a few other extinct banks during the mid-2000's period of loose/cheap money.Title holding trusts, of the sort commonly used by real estate investors in my area, offer first level privacy for investor types and convenience of administration, but no real asset protection.

On the other hand, Steve T. - $100 per month, per cashflow, is not terrible.

I am starting out as a wholesaler and need a mentor to hold my hand.

Because the financing is coming from us personally and not through the LLC this is a crack in the veil of the corporation.We are finding it much harder to find commercial financing since this is our first property and we do not have a track record of success.We both have excellent credit and a good amount of cash on hand.

You always sign a personal guarantee on a hard money loan, so if you default, and the foreclosure doesn't make the lender whole, they will go for a deficiency judgement.You use the tool appropriate for the job at hand.

It's next to impossible to get anyone to do anything and if you do find someone, they'll stick their hand so deep in your pocket, they'll be fishing around in your sock for money.

Lots of bedrooms for any size family, and renters often can't tolerate paying the heating bill for an over-sized house.Sometimes these can be made into rooming houses, if zoning permits (but that is a more hands-on business to be in than whole unit rentals).