I'm trying to avoid that route for now, and 25k limits me to having to purchase a mobile home near 10k, while I use the other 15k for repairs.

Will lenders lend to first time buyers with limited credit history to finance a multi-family investment property?

We spend more money on maintenance and upkeep to our buildings but it pays back dividends with limited turnover.

You believe in the project & your gen. contractor, but wan't to limit risk from a housing downturn at some point.

Is there a limit how much you can charge in points or total closing cost?

This is not legal advice, but one alternative is that the loan documents simply give him a limited power of attorney to sign the deed in lieu on your behalf if you default (rather than you signing and him holding deed in trust).

Cash for downpayments will not be an issue, though limited credit history may (good credit, just limited since I have no mortgage on record).My main questions are:1.

You're setting up a chain of contingent liabilities with all your agreements on your entire inventory.

@Page Huyette you are making progress, but I'm going to encourage you to keep looking beyond these lender connections you've found because there are a lot of options out there and it sounds to me like you are letting their limited lending program box in your thinking about what's doable.

Simply illustrated, you as an REO buyer do not carry the disposition liabilities that are contained within the note.