I've read through the contract and will summarize here with simplified numbers (not the actual numbers) what I believe the contract says and follow up with some questions for you more knowledgeable members:1) Purchase Price: $100k2) Initial Down Payment: $10K3) Buyer pays seller monthly payments based on 30 year amort of 90k at 5% which is $484/month4) Remaining principal balance to be paid off on the defined Closing Date (roughly 2 years from now)5) Buyer pays taxes and insurance6) Buyer to provide Seller a Loan Commitment from a Lender on or before the Closing Date7) Seller will transfer Deed when Buyer pays full Purchase Price8) Buyer will pay the Seller's existing monthly mortgage payment that exists on the property, which is $100/month, directly to the bank.

Then I found these statements also under the same section and eludes to the change in beneficiary of insurance, to which the borrower and lender are both named."

If the numbers work like you are suggesting then I am sure you can find a lender who will do that deal. 25% LTV is a safe investment for a lender. 

If anyone needs any advice in the OKC market or for lenders please let me know and of course if anyone knows any great multi unit REA or lenders PLEASE let me know. i am looking forward to learning and growing with you all.

Surprisingly, I called a few lenders last year and most responded they weren't interested in investor financing right now.  

Does anyone have experience with anyone that offers portfolio loans in the St. Louis area?  We are looking at properties in the South County area, our goal is to purchase a rental property to rehab.  We have seen some...

I am definitely looking to connect with other real estate professionals (contractors, attorney, lenders, etc.), so, if you are willing to accept coffee as tender for your time, feel free to contact me.

This is my planBuy a house that needs rehab cash, fix it up, contact hard money lender, and refinance.I want to do this with a at least 15 properties and ride appreciation then sell it in about 2-3 years.The reason I want to do this is to pretty much cashflow a bit from each property and ride appreciation.Is there any investors that does this ? 

I also live in CA and invest out-of-state.Well $30-40k isn't going to fund a flipper in San Diego, for sure (unless you have some seriously swanky hard money lender...).

hello to all. i am looking for some information on a private lender listed here on BP. his name is tom woodward and his company is corporate funding group. just wondering if anyone has had any experiences with him and his organization.