However, actually creating a mortgage, then paying most of it back would leave the mortgage on the records without the corresponding debt.I don't think you want to have yourself as both borrower and lender.

For six months with hard money, you could easily be looking at 12% of the borrowed amount, or $22K.

You do not want a legal aid attorney claiming the notice was defective.There is nothing to stop a landlord from sending or posting an additional document that offers solutions.

Beyond that I would step back and stop all legal costs until I know the deal is worth fighting for.If someone else wants a bad deal that is one less investor you will need to compete with once they take this one down.

never stop learning!

The banks borrow short term from depositors and the wholesale market.

Then have your agent ask the escrow company to get with the PAS "closer" to convey that the buyer is ready to close and needs the closing package from PAS to expedite.That usually stops the impasse - when the local closer pushes it back upstream to PAS.

If I'm going to flip something, I probably don't need much of my own money because if all works out well, I'll be borrowing the money for a short time (I think).

Over time the LLC might be able to borrow in its name but most lenders will still want to know the credit background of any LLC members who have a significant share.If you are married or have a family member who you trust and who is not also under the IRS liens you can do deals in their name.

This wiil stop any more liens from being attached to the property.