Now that I'm a bit more educated (with a long long way to go) and realize that there are many sources where I won't need to pay retail for property, what they have to offer is much less appealing.

[size=18]Multi Family Financing Programs[/size]Multi New Construction And Substantial RehabMulti Family RefinanceMulti Family Acquisition LoansAssisted Living/Skilled NursingManufactured/Mobile HousingEstablish The MarketThe first step of this loan process is to engage a feasibility study to determine marketability and to establish market rents and operating expenses.

This concept would be ok if you had access to real private money or had the knowledge to set up such a program as the traditional hard money lenders this would be too commercial in their requirements for this to work.

The other 85% should use a broker because he can find you programs the banks don't even offer and lenders you can not go direct to only through a broker who have programs you can't get in a bank .

A 625 score is not going to qualify you for the best rates or programs available so you need to go in with your eyes wide open.Good luck and yes there is money to made in RE it takes work and effort just like anything else in life.

Hi, Thanks a lot, yes-I am currently applying online with many companies, and have already worked with two companies doing BPO's-do you prospect these sources, is it ethical for us to send them something via mail??

I am in CT....We also have a residential program in addition to the commercial program.

Ryan please check with your sources and let me know..

Examples include residential Alt-A programs that don't require income verification, loans available to Hispanic homebuyers with Individual Taxpayer Identification Numbers (ITIN) and programs that permit 100% financing.

Every descision you make in the first several deals should be checked and double checked with reliable sources.