The availability of private money loans and other forms of fast cash allowed the buyers of these assets to take advantage of unique and fleeting opportunities.

I list homes for Fannie Mae, Bank of America, Chase, and several other banks and asset management companies.

Borrowed Funds Secured by an AssetBorrowed funds secured by an asset are an acceptable source of funds for the down payment, closing costs, and reserves, since borrowed funds secured by an asset represent a return of equity.

I would be a great asset to the right investor.To 2014 being the best year yet, Cheers!

Up until that point, then lender simply has a lien on the property - and the borrower may do whatever he deems fit with the property.Once the gavel goes down - assuming 91 days + 6 months in our example, then the Bank gets what is called a Trustee's Deed or Master Commissioner's Deed - which wipes out all debt - 2nds, 3rds, etc.At that point, you are dealing with an REO (Real Estate Owned) or sometimes called OREO (Other Real Estate Owned) - and when you call the bank, you want the Special Assets Dept. - not Loss Mitigation.

In my market, agents use software programs that let them write offers online and then they can have their clients sign them electronically (using two programs, Zipforms & DocuSign).

If you are using the 401k for only the down payment then think about a pledged asset loan.purchase the home, they would have to liquidate those assets for the down payment.

By being involved with him on the property management side of things you will no doubt get into conversations about investing and pick up knowledge along the way.Experience in property management is a great asset even if your ultimate goal is to be an investor and hire property managers in the future.

.- It creates a lien on investment property: asset protection.Normally LoC is good if you need money for a relatively short time, pull out and put it back.

Doing it as a owner-builder gave plenty of practical experience in managing a non-trivial construction process.Last year, we acquired one more condo in the neighborhood and have been gaining experience with land-lording as well.My background is in Computer Science and have been working full time as Software Engineer for about 20 years.I am interested in networking with fellow investors/tradesmen, especially who are active in our area (Culver City/West Los Angeles).Thanks and wish you all a very happy new year.Coty