The problem is I already have a new tenant lined up.

In the future have your buyers line up before you put property under contract.

Where do you draw the line between simple and not-so-simple contracts?

So, IMO for someone to sit in some title loan joint and actually make loans over the counter, without formal education in the lending arena, you'd need about 6 months to a year of experience before any manager would be rubber stamping you loans, more like a year to get a rubber stamp approval.My time lines are based on repetitious business, not doing some deal twice a month, but more like ten deals a day, 5 days a week. 200 deals a month, that means you have passed by about 1,200 loans before you have seen enough deals to guide yourself through the maze of lending at that level.RE lending will take a couple years really to be a good originator, that is not underwriting loans but walking the loan through the required process and address issues of concern, like title or appraisal issues.

Another strategy is to have enough cash to make the acquisition of the property and then use credit cards or personal lines of credit to fund the rehab.First lets concetrate on your short term needs...You need to finsih that house and get that HELOC sqaured away so you don't siphon funds away from it for personal use.

I called them with the tenant on the line and all of a sudden "Oh, yeah.

Bienes Raices what do you mean by replaced the sewer line?

Have you thought about increasing your bottom line with additional sources of income at your rentals?

And it can only be considered 'spacious' by NYC standards.That being said, the neighborhood is filled with tree lined streets and gorgous brownstones, I am a block away from one of the largest parks in any US city and I am a short train ride from the greatest city in the world.

If the person is regularly crossing state lines they are either considered low risk or are unsupervised.