I suggest putting 10 to 20% down so you can secure a decent rate.

Obviously, you're keeping this scumbag's security deposit!

Other companies are more flexible and will let you make loans, buy a house or invest in securities that aren't publicly traded.

It takes time to set up new properties in accounting software, and document everything properly, and set up physical files for vendor contracts.

A wrap or AITD transaction includes you transferring title to the buyer and taking back a lien (trust deed or mortgage) to secure the loan you are extending to the buyer.A variation that some will use is a land sale contract.

If you had a 1 bedroom penthouse with secure parking and other things that are not reflected in the data you will have issues.

I also think it is a cost of securing that asset protection by using an LLC.

You obviously need to know the property's value, estimate your costs to secure and rehab, project your marketing time or exit strategy.

In the RE context the note is normally secured by collateral that is RE.Buying and selling notes if both a niche business and a big business.

There have been some comments I have read on forums about lenders stating that they will reconvey the security instrument only - and consider the note still collectible for the unpaid balance.