Make loans, hold the paper, no Tenants, no loans, etc...

This would allow me to refinance the loan in my name, then I could pay off his FHA loan and legally rent out the home.

My intention was to pass on the loan servicing fee to the borrower.

But if you can a zero-cost loan on a Refinance this is probably you best option.

If I get a loan to buy a rental property and fix it up, how will it start making me income until the loan is paid for?

I’m out here in Portland, OR, but have been working with an asset manager with a portfolio of NPL’s (Non Performing Loans).

Usually this is through a down payment from you and a loan from a portfolio lending bank or private loan. 

Hello All,I have recently began the pre-approval process for a 2-Unit and am interested in going with the FHA loan.

I would like to get some advice on the best way to use a FHA loan to get into the Detroit real estate market.

These are the numbers from the mortgage company:Closing Costs: $8,679.11 (half of this is lender points for a lower interest rate)Prepaid/Escrows: $2,211.79Payoff: $130,189 (this is the loan I took out to purchase the home initially before renovating, I put down $23,025 which was 15%)Total funds to Close: $141,079.90Loan amount (75% LTV based on $240,000 appraisal): $180,000Total Due at closing: $38,920.10Help!