Treat their deals like your own so once you do get in front of private lenders or other investors you have a good understanding and can execute a successful flip.

If you are in PHA "owned housing" speak the manager or ask to see the Executive Director about it.

I am a big fan of having an attorney in my back office operation who overviews the security instrument and note and functions as a control point of the perfection of the instrument and paperwork execution.

Assuming only 2000 rentable sf and 4 offices at $4 per, it looks like at least $8000 gross per month.Not having done this before, i would like to hear from this community how to approach this and how to execute the conversion.

You would use HELOC proceeds to buy the property and rehab, then execute the permanent loan, pay back most of your HELOC advance, then do it again.

After hitting my 40s and working as an Executive Assistant for countless years, I've decided I don't want to go to a job anymore, I want to own and manage vacation properties to make my money that way.

They will charge points (perhaps you can negotiate 1-2, but that is paid for by the borrower, not you.Like Jon stated, you will have a deed of trust that will be executed and given to escrow, escrow will record your deed of trust (which will contain the vesting of your 401k plan) concurently with the purchase recording.

Since I am charging my buyer more than what the purchase contract is, I simply (as trustee) instruct escrow in teh escrow instructions that the intentional over funding of escrow proceeds are to be wired to my account (which is my wholesale fee).There are no transfers of beneficial interest to trigger transfer tax and the only thing that is done is that I as trustee resign and a substitution of trustee form and Grant Deed are executed (no tax, just small filing fee).

To me DD is should be done within X days of executed contract but BEFORE approval time, BUT I have to say that language is GENIOUS on the buyer side.

The original seller also execute a special warranty deed subject to the full payment under the CFD, but a new obligation would be much easier.Any way you do it, I'd first try to get the cooperation of the first seller to modify that CFD to a note and deed of trust or special security agreement/DOT.