Financing and Credit

i have the opportunity to wholesale a prospective property but the llc sellers require POF before giving lockbox code to view the inside. To make matters worse i have a negative bank account. Any suggestions would be greatly appreciated.

HERE ARE A COUPLE OF FACTS ABOUT MY SITUATION:

1. LOW CREDIT SCORE (580)

2. STABLE JOB HISTORY (5+ YEARS FULL TIME)

3. GOOD HOUSEHOLD INCOME ($95,000- $100,000)WITH LOW EXPENSES SHOWING ON CREDIT REPORT. DAYCARE EXPENSES THOUGH:(

4. $8,000 THAT I CAN BORROW FROM MY RETIREMENT ACCOUNT.

I WOULD LIKE TO BUY RENTAL HOUSES IN THE $15,000- $25,000 PRICE RANGE.

I WOULD LIKE TO KNOW WHAT I CAN DO TO MAXIMIZE THE $8,000 THAT I CAN USE TO INVEST IN REAL ESTATE.

ANY INFORMATION WILL HELP,

THANKS,
MARCUS

Help, I am trying to wrap my head around this.
I understand that Dry Closing are legal in all states (most 1031 exchanges are dry closing. I understand a back to back dry closing as Party C (end buyer) puts the cash into escrow. Party B (Me) places the contracts for party A (Seller) and C (End Buyer) into escrow. Title/Escrow used Party C cash to pay Party A. Party B's Contracts are fulfilled and the property is passed to party C.

Is my understanding Correct?
And if so why would you every pay for transactional funding and not do a back-to-back close.

I have done a ton of reading on this but at times it seems contradictory and at other times just confusing.

I am trying to put a deal to bed and Indiana this week so any help would be appreciated.

Have solid financing opportunity; great property with large cash down; great LTV; Seminole FL property owner solid in every respect, buyer of lease option with >> 10% down great deal looking for 8-9% interest; let me know...

Lending such large amounts of money is a risky business for banks, and that money isn't handed over to just anyone. If your home ownership dreams have been rudely awakened by loan officers denying your application, it's time to take control of your situation and learn what you can do to turn that rejection into an approval.
What Are Your Options?
Everyone's financial situation is unique and different. With that in mind, here are six different options for making your home ownership dreams a reality.
You may need to get a Co-signer

This is some of the research i found of how to make a good business plan hope it helps everyone

Create Your Business Plan

A business plan is an essential roadmap for business success. This living document generally projects 3-5 years ahead and outlines the route a company intends to take to grow revenues.

Executive Summary
Your executive summary is a snapshot of your business plan as a whole and touches on your company profile and goals. Read these tips about what to include.

Company Description
Your company description provides information on what you do, what differentiates your business from others, and the markets your business serves.

Market Analysis

Hi everybody,

I'm a newbie and have a question I have not seen posted.

At the seminar it was said that Dean and his company will finance up to $500K for 2% and $495. Why isn't everybody using that financing option???

Thank you

Real Estate Agents and Mortgage Brokers will tell you that there are only two sources of money for the purchase of real estate properties--Loans and Other Loans. This is what they have been trained on, and they have procedures in place to put transactions together using standard traditional financing.
But as investors, we seek for more varieties of ways to fund the purchase of properties. There are five categories of sources for funding, with some sub-categories below. My favorite method will be listed last, along with the reasons this method is my top choice for property purchases, and the reason I have used it more than any other method of funding for both personal residences and investment properties.

Hi i cant give out much specs but i need to ask if anyone here can be a "PLAN C" lender if This lender doesnt come through for a MF Complex project in Denver Nc (Charlotte area) of $3 mill + $6k closing that nets roughly $40k a month in positive cash flow? or know someone that might be able to?
Any and all help is greatly appreciated!

Thanks
Sean Brady
Bandit Properties O/O

A Self Directed IRA is an IRA account that you directly control and direct into investments of your choosing. Most self directed IRA custodians greatly limit your investment options. This is because the custodians either earn fees from your investments or they are too conservative or not prepared to handle non-traditional investments.

Accuplan Benefits Services provides a more truly self directed IRA account in that we do not place limits or constraints on your investment choices. Most of our clients are investing in precious metals such as gold backed IRAs and silver IRAs, real estate, private placements, oil & gas projects, condos, hard money lending, or their own LLC with checkbook control. Another investment option is the self directed 401k.
How Does a Self Directed IRA Work?