Well this is called “reinforcing”I use analogy of a rope and TUG OF WAR and there is a line to be pulled over.The sellers on one side and you’re on the other, and most negotiations it’s tug of war.Well I don’t want to be a tug-of-war.I want them to pull me on their side, I don’t want to pull them to my sideThis “reinforcing” helps them pull me to their side.There’s another reason for this,this a nontraditional outside the box kind of solution,and I want to prepare them the sellers to be talking to their friends about what they’re doing with their house.They get to answer this question “how you sell your house, how much did you get for it?”

You can try a mortgage broker who has access to many wholesale lenders, or a local bank/credit union.Or find alternate means of financing, like pulling a line of credit from an existing property (if possible).Hope this helps.

Hi Arthur, There is additional due diligence required to determine if these notes are right for you and your business model: For the 1st note, you always want to pull an Encumbrance and Occupancy report, looking for any back taxes, municipal liens, HOA's, whether or not the property is located in a flood plain, etc.

So what I experienced may not be typical for others. and 99% of mine also were me paying a big chunk to pull it out of foreclosure.

If you want to do it on the cheap and not ask for any professional help at first (i.e. real estate agent), then just pull up Zillow or Redfin.

I wanted to know what would the best way to pull the equity out a single family that own free and clear.

Just keep up the networking.To give you an idea, in one of our REIAs, there's a really nice guy who's been coming for about two years, helping out, distributing fliers, going to the after meeting dinners, etc, but had yet to pull the trigger.  

I know the city re-assesses certain neighborhoods once every three years or so, but I think since permits were pulled for my rehab, they will come after the taxes even quicker since they know work was done.

I am being very picky to pull credit under my own SS and my business Tax Id as I want to make sure that if it does get pulled I do get approved for something that is over $10k.

On a primary residence you can pull out up to 80% LTV on a SFR and up to 75% LTV on 2-4 unit multi-families.