Posted by John Corey on May 13, 2006 at 06:23:38:
I will send you email so we can go over the specifics. I am an OR and WA loan officer besides having a long history as a RE investor.
What is the exit plan on this deal? Are you expecting to hold long term? If so are you still looking to see some land as you were trying to do? I note that you said this is a back up plan.
Putting a second or blanket on your primary residence is an obvious risk so clarifying how you want to make this work is mostly what I am asking.