It amazing how many idiots try to flip a house without having any plans nor clue nor detailed budget.My favorite was a few weeks ago - two guys doing a flip and one of the two was so cheap.

I know that with some of these guys, I will have to put together an extremely detailed business plan/Investment Memorandum to get their attention.

Now there are many things one can do in this situation it just depends on how detailed you want to get into it.

The legal details are more or less the same.1st loan secured by either a mortgage or trust deed.Seller financing providing a second loan and secured by the property.I will let the mortgage brokers spell out the financing details (rates and terms).Be very careful with commercial.

They certainly CAN be problematic, especially a disposer, but if you provide clear, written, instructions on basic operation, AND make sure the tenant knows they will be responsible for the cost of service calls caused by misuse, your problems will be minimal.

Let me see if I can find his contact details.

I expect your company and your personal details support the lower amount so the banks are willing to sign up.Build a track record with the lower amounts. 1 to 2 years later you can grow the lines if you can show a good case.John Corey

Not too far, Can you get me more details on the meeting?

When you do, come back and let us know more details.

If you need more details let me know.