My main interest is to buy and flip in Northern NJ, and develop strategic areas to apply Brandon's Brrrr strategy.I am looking forward to developing lasting business and personal relationships other like minded BP members!

Never think that this time it's different or that somehow the numbers don't apply to you.

The 2 mortgages are affecting his credit and he wants to unload the first house.In all my researching of wholesaling I've yet to find out how a tenant affects the transaction.

It's a chemical process applied by a pro and is quite durable, and way cheaper than demo and install.

gotcha... although if you just hand in the keys your walking from your downpayment and whatever cash you have in it.your sense are correct all these folks singing on massive debt with 5 year calls are taking a certain amount of risk.. just need to look back to 08 09 when no one could refi and all these properties changed hands.. it was not because of poor operators basically it was frozen credit and banks not relenting or walls st.. hedgefund bought said notes from failed banks and refused to rewrite and took the assets.. since they paid pennies on the dollar for the paper.. foreclosing and reselling was still a better play for them.. 

Probably should drop some names here, what do you consider a "lender" Do you bank with credit unions or regional banks?

If you had that kind of money and credit, wouldn't you take out a mortgage for $53M at 4% if a bank would lend it?

I saved most of that, I have a small 10k loan at 8.5% interest rate that I got unsecured from a credit union.

Also it makes it more difficult that you dont have any experience level or track record. keep looking you will find a lender but again keep in mind your credit score, finances and experience level will all factor that number of lenders that will open up their bank accounts to you.good Luck

I cannot remember which ones are easily available...Does anyone know if the Credit Suisse one is publically available?