Have a bit of personal debt I hope to get rid of by July. 2) Salary will jump up to 350-550k/yr next July (I'm a professional)3) Looking to get into real estate to create passive income.

.- Hard money will do the loan but with rates at above 8% with sizeable origination fees and significant pre-payment penalties.I was hoping some of you seasoned folks could help me figure out some creative financing solutions for this little conundrum. :)

Has anyone used Mortgage Professionals of Central Florida, INC for a private lender?  

What's the typically management fee and are there professional management cos in the area? 

What's the typically management fee and are there professional management cos in the area? 

The picture becomes more clear and your REI team grows as you move through the process.I prefer apartments due to the professional vendor support, among other reasons, but all the classes you mentioned are great and there are strategies, markets and investors that are suited for each.

Be sure to pre-register for the meeting so you can attend your first one for free - otherwise its $25 at the door- or you can always join.

Is there anything I can do to estimate repair costs although it sounds counterintuitive because that's why you have professionals.

We are planning on 'saving him' for when we might identify another porperty at say an auction where we need funds ASAP and can then refinance to pay it off.The other restrictions that I have found from the big national guys is that  they dont like to lend under 50K, require 30-40% or more down, dont like building pre 1950s or so, and dont like houses that have been converted to multifamily - they in essnece want a property that is easy to sell if they have to foreclose since that one property is their only recourse.Hope that helps a little. 

I've talked to a couple tax professionals since then and been told that that boat has already sailed.