Another Hard money question

[Jimmy Warr]

BP, I need you help. Is it usual for a hard money lender to ask for a "uniform residential loan application" to be completed. It seems like a lot of information that does not apply to me ? -Also will a seller give any potential buyer the "rent roll" and a copy of the current tenants leases? Memphis TN

[Douglas Skipworth]

Hi, @Jimmy Warr.

When borrowing money, I always operate under the following two assumptions.

1. The Golden Rule - He who has the gold makes the rules.

2. Everything is negotiable.

As for the seller providing the rent roll and current leases, yes, I would absolutely make it part of my due diligence process (personally, I would just make it a contingency in the contract).

Best of luck to you!