At that point, its 50-50 to whether their intent is to run off with the money or not.

@Jeannie G — I have to respectfully disagree.The property you purchased through the owner/Provider (Coral Properties) was represented by them as a rental property; however, as you and I both know the HOA restriction never came up at any point from the day we received the listing information to the day you received your closing documentation, and thereafter.In other words, this was not caught by the provider right from the beginning, and was not disclosed to anyone by the title company before you closed, and was not caught by your review of the closing documents (specifically the CC&Rs).This certainly was an anomaly and one that only has come up once over the years.It is and was our intention to help work through this with the original seller (Coral Properties) and formulate a solution for you...As you will recall from our communications back on August 20th, we helped come up with a few options for this property and we negotiated with Coral Properties to list and sell the property at no cost to you.

The Debt-To-Income formula that Lenders use is likely to be CRUCIAL in your goal of getting back into Rentals.My last question for today is: how SERIOUS are you about your investing intentions?

We now would like to purchase a home with the intent of doing a live in flip to begin our real estate investing future.

Hi @Sarkis Gezalyan,People usually use HELOCS with the intent to pay them back within the 10 years.

@Michal Liviatan CarpenterSo you're not lending cross border; you're lending on US properties for all intents and purposes.

Plus, the individual must have both the intention and the ability to perform under the contract.Thus, the vast majority of wholesale in Ohio is illegal.

Wheather that is intentional or not, can be proved in court.

I am the new owner of the property (or note) and my intention is to fix up the property and put it back on the market for sale or lease.

It would be about 2-5 miles, depending on their route, and we'd rent the house after it was settled with the intention of buy and hold.