The variable rate might make this property un-affordable to you in the near future. 

Create the seller financed piece as a $50k second lien mortgage at an agreed upon rate, and explain that you’ll pay down the $50k note to them (which they’ll be earning interest on) and after a year or two (when you can shore up your credit/income requirements) you’ll get everything refinanced into one loan so that the seller and the original lender are paid out.He’ll collect interest on his $50k before being cashed out in the future, and you won’t have to go through a bank.

So while the first section might be too late to do for your sister maybe it will help someone else in the near future.1.

Great place to get your investor future started, and an excellent way to learn about real estate is buying and selling undeveloped land.

We want to do this to get access to more conventional loans and for asset protection reasons in the future (I don't want to make two separate LLCs for the two properties I own in the state.) 

Are you planning in buying in Newark or nearby in the near future?

I look forward to hearing from you on many posts and connecting in the near future.

The sooner you start the sooner it will be over.Hire a PM and in the future, once notice to enter is given, they will enter whether the tenant is home or not.

Anyone know of any that a future investor like myself can join??

I will update this blog from time to time to update people for the future. looking to go to my first auction in up state NY December 13th.