reliable hard money lender for buy & hold student housing 17% ROI

[Constance Chambers]

This will be our first Student Housing rental, our third REI since Aug. 2018. We've spent hours listening and reading about student housing and truly believe in the potential for great returns if approached systematically (hmmm..spell check please) We live in Athens Ga. and plan to manage this investment ourselves, as we are doing with our other 2 MF properties. We evaluated and analyzed the areas near UGA and the new Vet school and know this is our target area, we found a turnkey condo via the MLS and made an offer (inside unseen..but we rode by, based on our BP rental calculator eval. using very conservative rents...17%ROI!) this morning and just received notice that our offer was accepted!! We have a portfolio lender with a pre-approval, but we want a back up plan...in case this lender pulls the plug. I do not want to miss out on this deal and would love to have more than 1 option for purchase...our first 2 REI's were with this same lender, and it was honestly like pulling teeth each day...literally did not know if we were approved until the day before closing each time, after having to reschedule because they asked for some other document. I know there has to be an easier way... Especially since i am working remotely now to earn more money to buy more property (travel nurse). Obviously need someone that can finance in Georgia. what HML have other investors used that were trustworthy. We have 10 days Due Diligence starting tomorrow.

[Dan Gamache]

@Constance Chambers What type of downpayment are you doing? I would make sure to get as much info on condo assoc ASAP to the lender. If there is a listing agent, ask if project is Fannie Mae Warrantable, ask for # of investor owned vs owner occupied, and if any lawsuits against the association. Find out from lender their guidelines on condo associations.