With all due respect, if you have been financing for 14 years you would realize that you have just advised someone to commit FRAUD.The silent second needs to be subordinated and transparent to the 1st lien holder or it's FRAUD.

We are interested in meeting local investors and establishing relationships!!

Non traditional credit lines can also be used (such as cell phone payments, utilities, rent) for buyers who do not have established credit history of 12 months.The back end ratio (proposed total mortgage payment plus current monthly debts) that is commonly allowable in FHA is 43% of the borrowers monthly gross profits.

I am looking to establish a dialogue with new developers, landlord, and Investors.

I do respect that because decades of financial modeling have taught me that a DCF analysis depends on so many "guesses" that the end result is a number that looks very precise but the future is rarely going to be very similar to the model.

With respect to a wholesale transaction, I understand that it only makes sense to contract to buy properties which have enough equity for an end buyer.

Meanwhile, the guy wanders into local establishments asking to borrow small amounts of cash from people he barely knows.

In other words they will check out the details and make sure they know what is presently on the title and what they might mean.You can then bid knowing where you stand with respect to the title.I expect you can do the same in eastern states where lawyers handle closings but title companies offer the insurance.John Corey

I would suggest that you find a way to transition into it and give up your full-time work after you have established yourself to some degree. 8)

The problem I'm having is that I'm currently graduating college, and I don't have much established credit.