All Forum Posts by: Jonathan New

Thanks @Chris Mason.  I know that the method I mentioned is riskier and not in any way ideal, so hopefully, all this due diligence will pay off and the next deal won't have to be like this. 

I am working on first deal, so newb alert. I am looking at cheap houses (<$60k purchase) in the Hampton Roads area of VA. I have very little personal cash to put up. Would a HML care if I used a personal loan for the up front cash? My gut says that would not fly, but then again, HML don't seem bound to the same standards as conventional. The wealth of wisdom and diverse opinions that you all provide is much appreciated!

great info!  Thank you

I appreciate it.  I’m about a month away from starting, and I don’t want to start until I have my exit strategy COMPLETELY mapped out.  All about risk mitigation!

hard money lenders reasonably want to lend to LLCs, but banks shy away from giving mortgages to LLCs.  What is the go around?  TIA!