mrudd44

Thanks guys and gals for the great responses. MichaelC, I fully agree but I just don't understand the logic behind lending right now. And the government hasn't made things better by pouring billions into the mortgage industry to not lend to those on "mainstreet". What's the point? I thought the purpose was to unfreeze not create glaciers. I started investing in 2002-2003, wrong time! I wish I could've picked up a few homes for 3k- 10k- my properties would have cash flowed a whole hell of a lot better. Thanks for the advice regarding checking local banks- they have tightened all the way as well. I used a few banks and hard money here- paid them back and everything- they won't lend to investors anymore. My private investors are scared- everyone wants a return in 30 to 60 days and don't trust buyers can get a mortgage. I think this is the time millionaires are made. Buy and hold- what do you all think?

Can someone shed some light on financing options- hard money is no longer truly hard money. I would like to purchase Detroit single-family homes and hold them. This place is a gold mine if you have money to buy and hold here. The rents are high to realize a great cashflow. There are great deals listed that can be purchased quickly and at a great price with cash. Lending institutions has made it nearly impossible to do simos. What gives? And why isn't there much activity on this forum. Did everyone give up? I thought the point of the forums was to help one another get through this b.s.

Please let me introduce you to the investing world of Lease Purchasing...No banks...No cash...and No credit needed. It's a beautiful thing! Hello Steve, can you introduce me the world of lease purchasing? I know the basics but not sure how the deal should be set up in terms of ltv max, what type of seller should I look for besides motivated, etc.?

Hello everyone- I am new to the naked investor forums and look very foward to sharing my experience and creative knowledge. After reading a couple of topics- this one struck me as interesting. I would appreciate if someone could shed some light on Duane's new creative note concept. Thank you for your time in advance!