We have good relations with local solicitors to assist overseas purchasers & if we do not have the answer we direct our clients to the right person.

Re-Fi in 3 months or sell, loans w/balloons due in 1-5 years 95% of the people out there trying to buy/rehab/flip properties are unaware of the programs I & about 5% of the rest of the brokers out there nationwide are "specializing" in; other brokers make a fortune bringing their clients 2 us, both getting a "fee", I spend most of my time preparing the package for the private lender so that he/she/they know exactly that the loan is a GREAT opportunity; the borrower already knows this or we wouldn't have met.Hoping this helps?

I'd like to call it a borrowed donation :)

Leah is Dead on Correct;New Money, THINK OUTSIDE the BOX(I know this is WAY overused as a term, however)95% of the folks in this business make $$ 1 way....I chose the other;Cultivate a portfolio of PRIVATE Lenders....offer bizarre loan arrangements that are so far from "normal" banking procedures that the borrowers(& Lenders) are ringing Your phone off the hook...catering 2 flippers/folks that can/need ONLY private $$ w/a proven track record is what it's all about 4me;When was the last time U heard of a flipper/rehabber getting $55k BACK at the closing table along with ALL THE REHABBING Costs on TOP of THAT!

I'd be curious to hear your thoughts.http://www.mkedcd.org/MilwaukeeStrong/Programs/NSPRentRehabInformation.pdfIt assists purchase and rehab, up to $7,500 per unit (forgivable loan in 5 years) and $17,500 per unit (forgivable in 10 years).A couple snippets from the pdf:The Housing and Economic Recovery Act of 2008 provided the City of Milwaukee with $9.2 million in federalfunding for the Neighborhood Stabilization Program (NSP) to address foreclosed properties in Milwaukeeneighborhoods impacted by the foreclosure crisis.The NSP Rental Rehabilitation Program provides funding to help responsible landlords purchase and rehabilitateforeclosed homes for affordable rental opportunities.I asked once before:http://www.biggerpockets.com/forums/16/topics/40214-hud-s-neighborhood-stabilization-program-nsp-and you can see what responses I didn't get!

I just need to know a few basics before I begin looking for a buyer.Bob [email protected],You have what's called a "mixed use" property, it's even MORE complicated than commercial & up there with the development/subdivision wrap-around mortgages I put together between developers/sellers/backers/& buyers;Have the toughest in the world on my plate right now...mixed Use Horse Barn Construction to Perm w/22oosq.ft of living quarters in the same structure...yes, it was a nightmare.If I can get IT done, Your place will be a walk in the park.1-Know Your buyer/borrower; start off w/a credit report, financial statement, & their business plan, unless they're buying Your going business(?)

I agree w/Brent....My ONLY regrets have been the "NON-Investments";On MANY occasions I thought buyers/Borrowers had LOST THEIR MINDSuntil the APPRAISAL came in....Gulp;My bad :violin: The thing about "investing" is You gotta DO it!

The risks he points to are:1) Borrowing Too Heavily2) Selling your property too quickly3) Using ARMs to get a cheap loan - using adjustable mortgages in a rising interest rate environment is a dangerous formula4) Not having a plan for financial emergencies such as medical emergencies5) Skipping a property inspection because you just have to get the deal.

Facts about professional OPM…OPM approves loan based on the equity position they have in the property not the borrower’s credit history or income.

Anyways I hope you find the answers you are seeking, and if there is anything I can help you with please, let me know and I will try my best to assist you.