It really depends on the numbers. 

What does a borrower need to provide a lender to refinance a owner financed mortgage note?

Depending on which state you are in, talk to an attorney and draw up a very strong agreement.

@James Rodenberg, I think you can make either work, depending on what you want.

MTR is actually even easier to manage than STR once you get the teams and systems in place. the regulations on STRs totally depends on your market.

Hi Maureen - I may be too late, but I actually logged onto BP to provide feedback on the Open Spaces course and came across your post.

Be sure to check local regulations on door-to-door marketing.By focusing on these methods and providing incentives for effective delivery, you can effectively reach motivated home sellers directly and increase your chances of finding great deals.

But due to the above factors- we're still in a hot and heavy seller's market, with no real relief in sight for buyers (add to that, with the new Burnett / National of Realtors settlement, they will be squeezed even further, having to also potentially shell out their Buyer's agent fees, which, traditionally, have been added into the seller's listing price before listing to provide to the Buyer's agent).

The best course of action will depend on your individual circumstances, investment goals, and risk preferences. :)

I do these routinely for my clients and we use our own money.you provide a first position loan at no more than 55 to 65% of finished value.