We wonder if anyone has closed transactions with over seas owners?

Their online platform is weak, but if you use an IRA-owned LLC you won't need to transact with Sunwest very often (since the day-to-day lending transactions will happen in the LLC).  

It's really just collecting money, having a call with the PM every once in a while, and signing off on any major repairs or other larger decisions.

But as first time home buyer, you could get into FHA loan for 5% down - so it means all you need is 20-30k for a 400 to 600k transaction (which you can borrow for 401k) but you still need to improve your income to qualify for the repayment.

Hi everyone, I am new to the real estate game and have some questions on whether or not I should be worried about how this transaction went down.I was brought on as a lien holder after the property was purchased, and I brought $50k to the table to do renovations. 

The following are maximum LTV/CLTV/HCLTV ratios for purchase or LCOR when HomeStyle Renovation mortgages are underwritten with DU* (note that borrowers can also qualify for up to 105% CLTV with eligible Community Seconds®):- One-unit principal residence to 97% LTV/CLTV/HCLTV with FRM; 95% with ARM (Available in DU on March 17) (Note: For LTVs > 95%, on purchase transactions, the borrower must be a first-time home buyer unless combined with HomeReady; for LCOR transactions, the loan must be owned or securitized by Fannie Mae.)- Two-unit principal residence to 85% LTV/CLTV/HCLTV with FRM/ARM- Three- and four-unit principal residence to 75% LTV/CLTV/HCLTV with FRM/ARM- One-unit second homes to 90% LTV/CLTV/HCLTV with FRM/ARM MH LTV/CLTV/HCLTV ratios principal residence to 95% FRM/ARM; second homes to 90% FRM/ARM (Note: 105% CLTV is not permitted with Community Seconds)    - One-unit investment properties: Purchase up to 85% LTV/CLTV/HCLTV with FRM/ARM LCOR up to 75% LTV/CLTV/HCLTV with FRM/ARM

A few months ago my dad and I decided to get ourselves educated about REI and coincidentally noticed that the current tenant is living in the house without a signed lease.

Ground Up Construction loans (for 1-4 unit investment properties).The principals of 11 Capital Finance have been in the commercial lending business for over 20 years and know how to properly advise a borrower on any type of commercial real estate transaction.

Best advice, grab a good full service broker especially on your first transaction. 

I often have a new tenant signing a lease within 48 hours.