How can you not doubt the appraisal when they don't even bother to make it look legitimate.

At the end of the day Fannie will consider any legitimate offers, there is no need to overextend.

I was thinking about setting a cash price but offering a note closer to market price so there is a legitimate discount to the note buyer.

By the way, most land trust deals are perfectly legitimate, but my personal internal reminder is.......not all land trusts are scams, but most scammers use land trusts!

I looked up the address of the LLC and it is NOT a legitimate address.Can an LLC be registered under an illegitimate address?

I have a little cash saved up, but the majority of my family is very business oriented and I know if I came to them with a legitimate business plan I could probably get at least enough cash to make a decent down payment.

Hi Brian Porter, we did something similar to buy our properties but according to our loan officer (two months ago) the restrictions are as follow:You can get another FHA loan 3 years after the first one ORIf you move over 90 miles from the current resident with the FHA loan ORyou have a legitimate (this is one is very difficult to use) reason to upgrade your residence (like you are having a baby and need an extra room or something like that.For moving the property as far as I know when you refinance you will need at least 20%.

The IRS has commented on the use or ROBS 401k for business financing and concluded that it is a legitimate use of retirement funds provided the rules are followed; therefore, it is important to work with at team of professionals that understand the rules at the time of plan set up as well as the ongoing annual compliance filings. 

Greg:Regardless of whether or not the "market has changed", you have proven yourself to be a legitimate player to those brokers.

Many are legitimate though quite risky.