If I want to renew the lease for another term, I have them sign a "lease extension agreement" that lists the dates of the new term, the amount of rent (if it's different), and the fact that all of the other terms and conditions of the original agreement shall remain in effect.

Jon New, I'm sorry, I work in the private lender world, and have no knowledge of Fannie or Freddie underwriting.

Joel provided great info regarding private and hard money lenders new concerns with lending to OO borrowers due to the new laws, so that could be difficult to find.Jason provided some very good advice in working to get your scores up so you could qualify for FHA funding.

I started out originating private 1st mortgages and of course they're all performing, but even those can go non-performing because let's face it bad things happen to good people.

We have had some experience in investing, but have never used private money or hard money lenders to get into deals.

You're basically tying up the property for up to 45 days (or more with extensions) and HUD is only getting $500 to $1,000 in earnest money.

You can get an appraisal for the finished unit, use a bridge loan and or construction-rehab loan based off the ARV.So, check conventional and non-conventional, private/hard money lenders.Get credit from material suppliers, use thier money!

View the link here on CNBC:http://www.cnbc.com/id/100449849 Colony Capital, LLC is a privately-held independent global real estate investment firm founded in 1991 by Thomas J.

Craig, there's no doubt that the big real estate and private equity shops have the upper hand when it comes to scooping up REOs in bulk for two reasons.1.

That would mean you would need to have a corporation too.If they were to pay you w-2 income, both you and they would get hit with a bunch of additional withholding taxes.Or maybe they could just become your private money lenders.