Meet some investors that have actually done it, but get the knowledge!

I guess the questions I have are:1.

There's a reason it's hard to get funding for this type of investment - the risk is huge.I know that's no answer to your actual question, but I definitely question your desire to do this.Good luck to you and please let us know how this turns out!

I never ran into that one when I was a loan officer, but my guess would be that since the LLC is the borrower (if you can find someone to lend to an LLC) as long as the title stays in the LLC there wouldn't be a violation of the Due on Sale clause.Oftentimes a lender that lends to an LLC will require the members to personally guarantee the loan.

This will help you to be taken seriously and for them to actually add you to their buyers list.

Judging from the state of the property, and looking through windows, it doesn't seem that anyone has actually lived there for years.

One thing that I was not sure on was how to estimate the repair/rehab costs for the calculator without actually seeing the property.

I currently have a buyer under contract out in Oak Forest, near Garden Oaks & you can actually find a decent/ single family home in need of minor cosmetic repairs.

What they choose to do once they find out is anybody's guess, but if they have heartburn about it, transfer it back to your friend's name and carry on.

I was actually calling on expired listing.