Verifying the use of the money and confirming in writing that it’s for a business purpose are integral parts of any private loan.

If it's private money, they would issue a letter.

Here are some common pitfalls I see for new investors from the private lending perspective:• Insufficient Funds: most lenders are going to be able to lend a first-time investor somewhere around 75-80% of the purchase price of an existing property + 100% of your estimated rehab budget (or an 80/100 loan, for short).

I'm curious to hear from others across the US what innovative strategies their municipalities have successfully implemented to incentivize development and promote housing affordability through private investment and cooperation. 

In fact, I've got some bets in the markets that hinge on this happening.

They're a conduit lender, so they require more documentation than a mortgage fund or private individual would request. 

He is also an investor as well so he “gets it”happy to privately share his info.  

Add 100 chargers to a 300 unit property and I bet there's no way the transformers and electrical infrastructure at the property can handle that. 

Take advantage of that VA loan again too - much better terms than going with a private lender/DSCR type loan. 

Hey @Isadore Nelson - I'd bet my life savings on the fact that there's multiple reasons why other investors haven't scooped this up yet.