My wife & I both woke up, thinking it was an emergency, because frankly, you figure a 1:30 AM phone call on the home line is a family emergency.My wife didn't recognize the name on the caller ID so she clicked it off.

Here's the scoop:Generally speaking there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

There are places that recognize the value they provide to communities. 

Lynn Anderson It would be treated an installment sale by the seller - assuming there’s a taxable capital gain, it will be recognized by the seller over time instead of all at once.

Faster implies investment dollars can be redeployed faster which can compound the return.More sophisticated value adds take experience to recognize (or a good teacher).

Most mortgage documents unless they are really old in origination have a "power of sale" clause giving the lender the right to accelerate the loan and call the note due.There is no notice to the public except the 4 weeks advertised in the local legal organ (newspaper) for that county the month before the property is auctioned at the court house steps the first Tuesday of every month unless it falls on a recognized holiday and then it is the following day.

Now that I think about it I believe I said hi to the guy that was closing it up (not knowing that it was going on.)I'll be asking the owner the status and looking up NYS rules on redemption rights, thanks.Mike Neubauer and Bill Gulley, Thanks for the insight into how these things work, I have 8 units but buying one house owner financing and one on craigslist is as far as I have gone into creative lead generation.Bill, Is there any chance that I could get a sale from either the bank or the owner and have the other party not recognize it?

When you finally stumble upon the home run you will instantly recognize it as such.By the way you didn't mention it but do not be concerned about the fact people will perceive you as too young.

I have not explored commercial loans nor searched for commercial deals and recognize the deals are far and few between in this hot market.

@Michael DeHaan piqued my interest in Better Mortgage given the rate he was able to attain, the customer service, and lower closing costs (although I recognize that these details can often be specific to a particular applicant/purchase).