I would be unlikely to do this again).Essentially, creative financing is considering situations that the banks and institutional lenders will not.

., all of which are essential to wholesaling.

They essentially gave me a personal loan which I then used to purchase my first SFH rental.

Here in Texas all delinquent tax cases are filed in the local district court.

Contact the district attorney; they may have other complaints about this guy.

The investor that is essentially reducing crime and being paid for their time, effort, and risk?

And the more down money you spend on the initial properties the less number of properties you can buy.The first 5 properties that I bought were essentially 100% financed not bu 100% LTV first mortgages but by a combination of high LTV first mortgages and other borrowing including relatives and credit union signature loans.Whatever your per door goal is for your NOI, net after expenses, then if a prospective purchase does not make your goal, you have the decision to buy it anyway or pass and keep looking.

If I could borrow 75% of the 'non - SDIRA' portion (75K), could I essentially 'cash out' by paying off the 55K loan on the non - SDIRA portion and recapturing my initial 20K down payment so that I could re-invest it into another property?

/lot (22.52.100, 22.52.250)Maximum Height Limit:35 feet from existing or excavated grade (22.20.110) (unless modified by a special standards district such as a community standards district.)Minimum Required Parking:2 covered parking spaces per single family residence (22.52.1180)Standard Yard Requirements:Front Yard: 20 feet (22.20.120), except as provided in special Standards DistrictRear Yard: 15 feet or 20% of average depth of shallow lot, but not less than 10 feet (22.20.120 and 22.48.110)Side Yards: Interior Lot: 5 feet or 10% of average width of narrow lot, but not less than 3 feet (22.20.120 and 22.48.100)Corner Lot: 5 feet except on reversed corner lot, which is 10 feet (22.20.120)Development Standards:(See 22.20.105 regarding development standards for single-family residences)

It is my understanding that the old school "Lonnie Deals" are essentially dead due to the Dodd-Frank regulations coming down the pipe.