Its tough, I've never been able to swallow the institutional guys' fees and terms together.

At this point they are all "cash" deals since I don't have any institutional lenders that will lend that low.

Michael, first, this is in an estate settlement among family, the seller finance rules, D-F and SAFE Act do not apply.It's a high risk as there is no principal reduction, down the road any institutional lender will be looking at the past loan performance for a new loan, besides credit issues.

Hello AllI was surprised to get such great reply's as this is my first visit & discovered this site by a Google search.I am probably over concerned on this issue as I am the only one in the association that is an active participant.

Take a look at few:Solo 401k offers Participant Loan Feature which allows you to access your retirement funds any time for any reason (example would be investing in a transactions that would be otherwise prohibited).

If you do insist on participating in the auction for those parcels, in most cases you'll be expected to pony up the dough quickly, maybe certified funds at the auction.

I am 100% positive and there is no mortgage insurance.That said, I called PNC and Wells Fargo and they said I could only receive the loan with 10% down under my personal name not my LLC (have a partner).There are other lenders in NJ they participate in Fannie Mae loans so I can call them all individually but I wanted to ask anyone in the community if they received a fannie mae investor loan 10% down under an LLC?

@Marcia MaynardBP wouldn't be the place it is if it wasn't for participants like you.

Movers may pay for services.Lenders see RELO applicants in a better light when employers are paying for moves, it shows a greater vested interest in that applicant as to job security.Millions of folks move each year, I haven't researched numbers but there is a demand for location services.Here, a large RE brokerage ran about 80 to a 100 buyers through similar services a year, this is a small market compared to others.Realtors could participate using the MLS, they are simply introduced, license laws apply and there are provisions for relocation arrangements.OTH, if this is too involved, I'd still think investors could network much more than they are.

I would add that hands on experience in college depends a lot on the institution they graduate from.