Situation is that over the years I have been buying n holding Tax Liens n Deeds across the US.

Hi, I've been in on BP for close to 1 year now, I think it's time to buy my first house to live in first. I found one (single family) that I like on Realtor.com. I have not made contact with the seller.I have a few ne...

From what I understand, the FHA is pretty strict on making sure you reside are living in the property while the loan is outstanding.

I'm trying to open up this discussion in terms of both good and bad...After speaking with a few people and lenders on acquiring money for a down payment on a multifamily property, a secured personal loan came up as an alternative to coming up with enough money for part of the down payment (oh, say $10,000).That means:> Secured personal loan (putting a lien on a car as collateral) worth $10,000 at terms of 4.25% APR over 5 years. - Total Down: $20,000> A mortgage for $102,000 @ 5% over 30 years , meaning a monthly PITI of about $800> 2 Duplexes (4-plex) with total monthly income of $2,400 *these numbers are somewhat irrelevant to the question, but is just an attempt at giving real world data*The question is: with the acquisition of another mortgage, what are the upsides and downsides of acquiring a secured personal loan as well?

The attorney will let you know if there are any other liens including but not limited to Judgments.

I don't  want an option: she could stop paying insurance and  taxes or get liens, etc. and I'd possibly lose the asset and my option $.Thank you for your go headedness!   

Due to the liens and work that needs to be done, a colleague is recommending I do a 4 years Master Lease during which time I will do repairs, increase rents, and the value of the property.

She wanted only the money she had fronted for taxes and code compliance liens.  

The website works for us not the customer by offering for free alist compiled of rude customers, hard to handle customers, mechanical liens, ect.

It goes to paying down the purchase price of the contract.Close at a title company, get title insurance.Docs should include deed from you to them, with vendor's lien.