The excessive obligations in relation to income - the buyers agent also confirmed that no accounts or loans were taken during the period of 23rd July (pre-qual letter date) and 21st August (Denial Letter date). 

There you at least get to walk the property before buying, if not have a due diligence period.

Say you had enough for 10% down on a good deal would It be wise to get private money for the rest (projecting a mortgage of 1500 and PML payment of 500 and cash flow 700/mo) Let’s say you have exhausted all friends, family, colleagues for that other 10%, are there private lending companies out there that would negotiate terms?

The rest is sort of chocolate or vanilla. 

This is in addition to the rest of the ROBS 401k requirements.Real Estate Operating Company1) The corporation that you invest your retirement funds in may invest in real estate that satisfies the following requirements:a.

Also since private money is the first mortgage maybe there is a balloon payment due in a year or two where the seller will only be making this loan for a short period of time.

And personally there’s no way I’d give up $60k year for the rest of my life for a one time $80k payment.

Look for a property that is 4 bed, 2 baths take two for ourselves, and rent the rest.

OR I invest in real estate and be paitent for a longer period of time. 

This is why having vinyl windows helps you greatly during your holding period.