The First Look program is not new to Jan 2, 2014.

In some markets, a lot fewer deals.A better way to look at it is if your considering a property and you can't get 2% of the purchase price in rents, just understand, you may have to pull funds from other sources to cover vacancies and repairs.

Sorry for the sloppy post..My only real estate source is informing me to be careful with Lenders, this particular one happens to be with Alpine Mortgage

A couple thingsNot sure if NC has this, but in MI the utility companies have landlord programs.

If you search "list source criteria" you can find a lot of forum posts and blogs discussing details.

This is just 1 cent of a hundred dollar program for you

Obama said the program will be expanded to 20 locations Nationwide during the next three years.

Private money comes from granny, people you know, have done business with or form relationships with.HMLs advertise, some may be registered lenders some could be good ole boys looking for money deals, probably not the best source of funds.With a track record you should be able to attract partners like Paul.Look for other contractors willing to flip, some are looking for a place to park money, I know a couple like that here.

Be sure about your comp sources also.

Usually for commercial deals, but for whatever reason the banks dont require the reserves to be sourced or seasoned so I've spotted other investors $20k, $50k kinda loans when I'm cash heavy, then get the money back right after the closing.