@Kevin McAnally In addition to the meetup that Michael mentioned (we have a meeting coming up on the 19th, check out events section) feel free to check out the following event on meetup.com scheduled for September 25th “Quad Cities REIMG - Welcomes Kevin Schoonmaker with Bank Orion!”.

We wanted to finance via an FHA but given their cash requirements, I'm not sure how to approach the financing or structure a deal to take this further.Any thoughts on how to get cash when you don't have it or another way to approach dealing with the bank for a foreclosure?

I don't like giving 3rd parties my login info to bank accounts.

I don't want to bank on appreciation so I am not considering it but I guess technically I should mention that it's a growing city.

@Shadonna N.If your not already in the portal, you will have to fill out a few forms with contact info, bank info etc, and then expect to not get paid for at least 30-60 days initially, they will pay the back rent, but that's how long it takes to get in their system.

I say almost never because I'm sure there are scenarios that it works out but I'm just not experienced enough to try and bank on those kind of deals.

Other investors wanted a 740 credit score with me using my own money to kick start the project as well as 3 years bank statements, 9% back, 4 points, 100K in the bank and so on and so on.

The bank basically told her, "Hey, just do your job and add the smaller house to the deal."

Is a traditional bank loan the best route for a couple with no connections?

I have multiple LOCs through banks.