Hence borrowing money is a challenge when your credit file shows very little activity and a short history.

I have up to 150,000 (borrowed money) for down payment holding costs and ect.

Borrowing to increase your "leverage" and then paying a lot to shorten your turnaround time are are kind of at odds with each other.

Most states will have a long process so that the rights of the borrower are protected.2.

Wish I could be of more assistance than that!

Well, with those numbers in mind I started to seek out Hard Money lenders to assist because I recently quit my job because it was being offshored.

I am looking to buy investment properties in WNY and finding it hard as a non resident alien to source a mortgage for several reasons:1 The amount I want to borrow at any one time is only around $30K-$50K - ie to a lender, not really enough to justify the extra exposure to a foreigner.2.

Contractually, you can agree to what will given as a balance due, but the lender will base the loan on what is attributed, which often means that the borrower will not have the equity they think they do to get the loan.

The predictions are not much better than the type made by sub-prime borrowers who figured that if the market keeps rising they could sell for a profit.Maybe it was just comedy and we both missed the joke.John Corey

what is the best approach for a newbie sub to, lease option or the traditional home or apartment borrowing?