I even prescreened the lenders atty.CW is only agreeing to paying 2500 of the second note with BOA.BOA wants 5000 Total.

https://www.efanniemae.com/sf/guides/ssg/2009annlenltr.jsp www.eFanniemae.com Select brokers/correspondents Select lender announcements Announcement 09-02 March 1 is the kick off date Properties 5-10 720 fico 75% purchase 1 unit 70% no cash out refi 1 unit 70% purchase or no cash out refi 2-4 units 6 months reserves for all investment properties owned * side note - properties 1-4 will require 6 months reserves for subject and 2 months for all other investment properties.

Sum of notes described below $ ___________C.

That is why they have things like quality of collateral and revenue milestone clauses in their notes so they can call the note or replace you as the manager long before the borrower is seriously upside down in the deal due to declining values or company revenues.So, in short, unless there are some details you haven't shared the consensus is you are not likely to get the loan you are talking about.

If they are in need of cash, then providing owner financing will not provide them with cash since all they get is a note from you.

Theres a tiny note on the property (80) He wants 225k and 1250/month, one month down.

Only thing I am trying to get across is that it is interesting to note that all things being equal, leveraging allows a 2% annual appreciation in real estate to equal a 10% annual rate of return in the stock market.

Should I do a subject to with seller and create a second note with them for some of there equity?

I have taken intensive college classes on Tax & Legal strategies, using Self Directed Retirement plans to invest, Wholesaling, Short Sales, Tax Liens & Deeds, Rehabbing, Subject to existing financing, Seller Financed Notes, etc.

Or look for seller carried notes.