Everybody gets started a little different than the next person.

I persisted and much to my surprise one day the door opened a crack and thus began a multi month journey through this man’s personal hell that eventually led to a $30,000 profit.He owned a local Jamaican bakery that was failing; his marriage was ending and his soon-to-be-ex moved out with their 5 year old daughter; and now he had lost his house.

My partners and I have a property under agreement, however we are both under the age of 55. 

You are the owner if you try to borrow with a LLC or if you borrow in your personal name.

They also have a Personal loan, $40k to $900k at 5%!!

These forums are not for personal attacks mentioning someone education as you feel its the only qualification to be an investor….

I have a preliminary call in a few minutes with a person that wants to get into private lending and wants to engage our loan consulting side to assist.

I personally have mine through USAA.  

How would you explain these buyers terms to the seller. ok. 30 year amortization means the monthly payments are based on a 30 year loan, but at year 20 whatever the balance is they pay it off then (balloon payment)Personally I would NOT accept any of these offers.

I don't mean the following to sound discouraging, but I would encourage you to be extremely cautious and conservative before buying a random property in Dayton because someone - a property manager, an agent, the seller of the property, some random person on BP - tells you it's a 'great deal,' and you will 'cash flow.'