Are you in position to pick up the phone and ask for money?

I am considering buying houses in the 75-100,000 range.I know some may say buy multi but I ahve been looking and can't really find the right one.If you were in my position, how would you proceed, again looking to maximize cash flow.Thanks in advance.

Those people 'assure' that the lender will NOT call in the loan, even if they do find out, because they would rather have someone paying on the loan than going through a foreclosure process.When I did a land contract back in 2011, that bank had no issue with approving it, and the insurance basically was set up so that the bank was 1st position and I was 2nd position.

I'd be interested in hearing more perspectives on this however, as some people seemed to have had positive experiences with paid mentors.

I know you'll want to do more but you've got time to do it slow and right.What I would consider in your position is buying 1 house that needs some light handyman work to it and fixing it up to rent or sell.

It appears the lender is allowing that note to remain in place as a first position, therby allowing future advances and a portion of the 350k loan be secured as a second mortgage on that property.

What I have stated regarding lender / owner position is something I know for an absolute 100% fact as I know I have 3 children, as I know the Earth is round, and as I know man has walked on the moon.There is no harm and no crime in admitting you are wrong, it does not make one a bad person.

I should clarify my current position.

Understand, we loan money, so I’m obviously biased in that direction, but you seem to be in a good position, James.

Personally, if I was in a position to do it, I'd jump all over it.