The mortgage lender (bank, or seller) would hold the 1st deed of trust if I am not mistaken.

Hi Stephen-Scenario I find two properties that show promise find an instituation willing to let me borrow for both properties, so the only skin I have in the game would be the percenatage down for both investments and use the banks money for everything else?

I live in NY, and my LLC partner lives in CA.When we open a new business bank account, they require us to both sign forms, even though we are both owners of the LLC.

Everyone was saying it can't be done and that the ONLY way was to have a down payment and use a bank.

Im guessing the private lender will have his bank wire money to title company and the attorney will write up a promissory note.

I treat it like a business using separate bank and keeping receipts.

Fill out the doc and meet seller at a bank to sign and notary.

I'm doing the old "Did I do better than if I'd left the money in the bank" calculation and I want to run my calculation by a few of you to be sure I'm good.Building 1: 11 unit, held 7 yearsPurchase price: $180,000CAPEX  $75,000 (mostly first year, but some throughout.

We bought an REO and the bank had winterized it, but it had sat vacant and had frozen pipes before that.

I assume we should go to a bank to get pre-approval before we pursue a deal?