They have their properties scattered about in various holding companies like AMH 2014-3 BORROWER LLC (296 units.)

as far if i choose to rent how do u determine the rent for a specific house and neighborhood and if i bought n held two properties for two years would i be able to borrow on those two properties to buy two more

Thx, both good complimentary borrower actions plans.

Having said that, personally, I would never make a business purpose loan secured by an OO property simply because I don't want the potential drama.To say it yet another way, if you make a loan secured by a rental property (for flip property) and the borrower uses the money to pay for his kids college education, that is not a business purpose loan even thought it was secured by a NOO property.

There is a short sale property I am interested in and would like to borrow 130,000 for purchase and renovation.

Within the loan guidelines the criteria will specifically call for a minimal contribution from the borrower.

When starting out and when you need to borrow, as opposed to paying all cash, then "borrow as much as you can for as long as you can."

Many banks are looking for an experienced borrower (2-5 years).

Mike also used his rather severe stuttering to his advantage when talking with borrowers.

Escrows are required under your security agreement to limit losses to the lender by a borrower failing to pay taxes or insurance or other items.