many mortgage bankers follow specific guidelines in order to sell their notes, like right away.if you decide to use Hard Money - you'll have much more flexibility in terms of being able to put less down, invest in different types of properties and present your investment strategy, rather than just the property itself.what i'm saying here is, if you buy a house and use Wells Fargo - they're not going to be concerned with something like the ARV (after repair value), whereas a HML might loan you money based on that - which grealy enhances your investment options.i know that doesn't make sense right now, but with a little research - you can come to understand the old saying:there's more than one way to skin a cat...being new, just be very cautious what you get yourself involved with.

ARV of 50K; so the loan size is not really a concern.

Look like a good investment but the problem is that I don't know what kind of REI method I should use.

Your age is the least of your concerns.

purchases are $5-10K a house with price (rehab and purch costs) around 10-15K After we rehab them, we want to sell on land contracts for a contract value of 35-45K couple questions: 1. can this transaction qualify for tax credit 2. what should I be concerned with IF tenant flakes on contract, and I sell the cashflow to note type buyer?

That brings me to my next concern.

We pulled up the property on his PC & he made some calls etc.I told him the target price I'm seeking (under $200,000), & I observed his method for searching properties on the PC, which was for $220,000, he was confident he could negotiate the price down.Regarding the fees.

My biggest concern with this sandwich lease strategy was not being able to have a tenant buyer already lined up to move in the home, which you covered.

I was told that any loan on a 1-4 family dwelling falls under the new law regardless of financing method.

It does give you a lower barrier to entry than many other investment properties.While it is tough to get any cash flow in this general area with that method to start.