I would suggest you look at partnering instead of borrowing and I would suggest you look to friends and family that already trust and love you before you open this up to others.  

I generally give the seller a choice of whether to use the 1-4 TREC or a shorter (and easier to understand) two pager.  

thanks a lot.Glenn Hi Glenn-Welcome to the CLE - great choice.

This is the rate banks charge other banks to borrow money overnight.

With higher end properties in say a mid west market were Curt is remember you can buy BRAND new construction for 140 to 160k a door this is what buyers will compare to your 20 YO house thats been a rental.. to get retail value you would need a major renovation.I have been doing some renovation deals in the mid west last 3 years and you have to totally dial them in to get anywhere close to an appraised ARV or what you think is retail.. and I mean totally ... buyers in these markets have an over abundance of choices.. you may find that TINY pocket that is hot but other than that I think my statement is pretty accurate based on my personal experience in the mid west marekt place since 2002.

What he probably meant is the average borrower usually sells the home or refinances within 5-7 years after a purchase of a home so paying points often times is not the best way to go unless if you can really know beyond a reasonable doubt that you'll be in that property longer than the "break even point," in terms of months/years.escrow fee is dependent on local area companys they usually consist of a flat 250-500 fee Plus $1.xx per every $1000 sales price or other type of variable fee calculation model.FHA streamline refinances "can," be offered with no points and often times with sufficient lender credit to pay all closing costs as well but your loan is a 20% down conventional no ?

Did the borrower have home insurance as part of your agreement as lender?

This is true only for properties that will be occupied by the borrower.

I'd rather not borrow a large sum of money from my parents on a first deal, but at the same time I recognize that money from them would be cheaper than money from just about anywhere else.So ideally, I'd like to use a portfolio lender for the bulk of the loan, and my father for a much smaller chunk.

With the IRS approved Solo 401(k) Plan, roll over your existing IRA or 401(k) plan funds tax-free into a new Solo 401(k) Plan and use those funds to make tax-deferred investments, such as real estate, while also gaining the ability to borrow up to $50,000 as well as make annual plan contributions up to $59,000 – almost 10 times the amount of an IRA."