If you're a long term buy and hold investor, the opportunity here can be awesome as you can likely get into this transaction for far less down and/or for a lower monthly payment than a traditional lender would allow for.

What are the key differences in approval times and application processes between private money lending and traditional bank loans?

More traditional mortgages won't let the property be run down.

We applied for a traditional cash out/refinance on the investment property but were denied because she's only been employed at one job for 1 year and 2 months (they wanted 2 years).

I’m in an east coast beach area where it’s been traditional for guests to bring everything - linens,TP, paper towels, dish soap, cleaning supplies etc.

As a hard money lender, I specialize in providing fast and flexible financing solutions tailored for investors like you, especially when you’re looking to move quickly on a promising deal.Whether you're interested in fix-and-flip projects, rental property acquisitions, or other investment opportunities, I can help you secure the funds you need without the lengthy approval processes typical of traditional loans.

We’re one ofthe few property managers that require W-2’s and a bank statement and we go way beyond the traditional, “income must =3x rent” qualifier.Below is more information about what our Applications Department does to screen applicants and find the best tenantspossible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of anotherapplicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then takingseveral days to submit.

I see them as huge opportunities but not talked about a lot.Well REO's have gone down to to lower foreclosure rates. drawbacks are banks are very low and non responsive, unless its not a traditional bank and a private lender then you could possibly get a better deal.

Both 30 days and 60 days are common in traditional leases.In a 60-day notice example, most respectable landlords would communicate 70-80 days before the end of the lease and ask the tenant about their intentions to end or renew the lease.

You have to treat REI like a business, which means you need to understand how to have a REI investment plan (this isn't a traditional business plan), and you have to understand how money works within the realm of REI.