I have stable employment and we both have strong credit (in the high 700s).

We really don't want to lose this deal and feel this will be a strong foundation to our real estate goals for many years to come. 

Without the ability of these smaller captive lenders to survive, the related businesses would also be endangered.5.The overwhelming majority of these chattel lenders handle both their own origination and service of these loans thus eliminating some of the problems that occur in the mortgage industry.It is also important to note that the concerns addressed in the proposed regulation regarding safeguards, the Federal Trade Commission already has strong standards in place that govern non depository lenders.

@James BrandThe market is strong in Bethlehem.

I disagree, I think it would fit well with a craftsman style home.

Comps in the area are tough because this is a single family turned duplex, but I believe similar style and square footage houses are around $175k.I personally don't have the time to do a whole renovation, I was more hoping to have the GC get the apartment renovated right away and go from there.

Hi Gabe - Banks are usually a little more conservative, especially on construction loans so without a big track record or a strong credit score/reserves it may be difficult.

Account ClosedI am glad to hear there is strong activity with investors in AZ.

I would say the answer is, "Yes, if they are in strong financial position and have a good relationship with a bank".

I do love my job but real estate has been such a strong interest for many years.