The fund manager makes the loans and disperses the proceeds periodically.

For example, my tenants were responsible for returning trash carts in a time period from pick up, failure to do so then required us to return them and such was not a contemplated duty of management, that justified an admin fee.

But it does add up if he has done 8 to 10 of them.IN the day when I used to buy Sherriff sales in Oregon with the 6 month right of redemption if the house was vacant and abaondoned I did the same thing I went in and rehabbed it during the 6 month period so when I got my sherrifs deed I could sell right away.Now In our market with Redemption rights a hot commodity I would only risk it with a 20k rehab and under. something that we could lose and just chuckle about it.

I'll guarantee you that it's contaminated.

Require those documents be delivered in the option period.

Because if you take the rule above about how much you can borrow total, you now have to subtract your highest balance in the past 12 months from that amount.So if you were actually able to take out $50k and borrowed $30k but have now gotten a windfall 6mo later and paid that $30k off but wanted to take another loan against the 401k at the 9mo mark, the max you could take would be:  $50k - $30k (highest balance in the last 12 mo period) = $20k.

If it isn't a secondary market product, as mentioned, there is no upside for the lender and they won't release anyone until the loan is paid off.That said, it wouldn't be impossible for a lender to agree up front in creating a loan that they would take a co-signer for a stated period of time or when the collateral value increases or the LTV reaches a certain point, this is done primarily in commercial aspects.

i would need to be qualified to get a loan within that two year time period or whatever it may be right?

I did the Marketplace Homes "6 Years Guaranteed Rent" program and moved out to Knightdale.

I know tax lien certificates pay interest for the past taxes during redemption period.