I know when it is private sale it is recorded and can be seen on tax info.. but do the banks protect themselves from anyone knowing that info!?

If the numbers are right that could be a great flip or an easy wholesale.Regarding finding contractors - as others have said referrals are your best bet.

I bet you’re not crazy about this one anymore than your partner would be about managing for free.3)Understand that you should have agreed upon a management fee structure up front and accept you’re partner’s terms as those you would likely have agreed upon anyway.

Private out of state sellers?

One thing to consider on the FHA loans: When putting down only 3.5% they require private mortgage insurance (PMI), which can really affect the cash flow.

Some of my comments are not good so just sent me a private message for my opinion on this course.

@Jose Flores, great to hear you have a deal in the works, but a lease option with repairs buying it is dangerous.I would work on getting IRA private lenders that can fund your deals at 80% ARV, or money partners for JV 50 50 splits.With FHA financing at 3.5% down, who would put $10K down on a $55000 house?

Im trying to find information on how the lending and private money world works.

I know this is an old thread, but the SEC just lifted its advertising ban today, and soon you will be able to advertise for private money a little easier.

At 8-9% I don't recommend putting it in the bank for six months.That being said, if you are using a private money lender or an investment lender to purchase more rentals, they don't typically analyze the source of your down.