When a note gets sold to another company, the buyer has no say in if/how that gets done - - just notice of where to send the next payment.(4) The Purchase Offer (or Commercial Offer) look exactly the same for Seller financing.(5) But of course - - the escrow/title company will issue a Settlement Statement and your expenses are noted there.

With my current financial position, the properties need to have at least 1.2 rent/value ratio or higher, be 75% of value, and $150k or less. if the numbers work out in the near future, i would like to start using hard money lenders for the down payment and closing costs on the properties, and purchase them traditionally. i would like for these properties to also have a 1.0 or higher rent/value, and with my current credit i can get approved for around $150k-$200k, so the property would need to be below that. once i fill up my 10 allowed traditional financing properties, then i would go hard money lenders for down payment / closing costs, and private financing for the long term. by that time though my own portfolio should be able to provide down payments in leu of hard money. your comments and positive feedback / critizism about my strategy going forward is appreciated. i am a brand new real estate investor, finishing up on my first hard money/refinance acquisition now, so im just getting started and looking to grow the portfolio quickly. thank you

Can a person buy a property with no money and no credit?

It is based off of a home equity line of credit.  

If you do acquire the property then the profit potential is much better of course. 

Get to the credit repair folks through a lender's pipeline. 

(One of my properties is on a golf course.

So long as it comes true, of course.  

Here are some good places to start: http://www.biggerpockets.com/meet- find and connect with other BP members that are in your area.http://www.biggerpockets.com/alerts - Set up keyword alerts to be notified of the topics that interest you.And, of course thehttp://www.biggerpockets.com/forums - ask any question about real estate!

If you have a steady job and make a decent wage and you like your credit union, talk to the manager and let them know the situation.