They are tellng me that basically the investor puts up a certain amount of money which is placed in a world center bank.

Both will also teach you the basics of real estate investing, especially if you begin to work with a good investor.

The basic FHA mortgage insurance program is Mortgage Insurance for One- to Four-Family Homes (Section 203(b)).

I have often talked to investors at my reia that say they are experienced, yet they really have trouble explain the very basics of REI and how they make money.

I also do some wholesaling, fix & flip, RTO, short sales, etc...basically whatever pays the bills.

If any loan is made in violation of that written policy it is basically a stike against them in following prudent lending practices even if it was a great loan, it's still in vilation of the way the bank said they would conduct business.

I'm leaning towards rentals, but right now we're basically living paycheck-to-paycheck, so I need to learn a way to get into r.e.i. w/ little or no money out of my pocket.

Priced to sell, I should be able to get $130K, so basically, I'm looking at bringing $10K-$20K to the table.

Hard Money Lenders are usually real estate investors that have amassed a ton of capital and need to make an easy return on their money.

They put on classes for basic stuff like painting or tile.