Bill, do you have promissory agreement that allows for additional future borrowings?

The filings will be in the recorder's office where the machine was located (when the loan was made) and you'll find it with the borrower's name.

Borrow the money and pay the interest, use your cash for repairs and holding costs.

It all depends on the strength of the borrower these days.

In my view, the problem lies with demand.Not three hours ago I received a call from someone who wanted to meet and show me his business plan, in anticipation of borrowing money.

Apparently, there is a new rule in California and Washington State that requires lenders to send this stupid letter to any borrower that has not paid their mortgage by the 5th of the month.

Lots of scams for loans specifically targeted at desperate borrowers.

So here I am eager and ready to get started.My longterm goal is to reach a passive income of €2000,00 per month in passive income through real estate investing.My shortterm goal is to buy my first investment this year (2012) with a passive cash flow of at least €250,00.I have no equity at all, but I do see possibilities to borrow from family/friends.To be honest I am a bit scared to get started.

I believe there is a recent FHA guideline for refinancing underwater properties with borrowers who are current and qualify, it primarily addresses the property value with a government guarantee.

Then add to your list the past of the borrower and look for any relationship between the rehabber and the buyer.