yeah, and it would be one thing if they said, if you dont out perform you get a refund or partial refund.

When vetting a hard money lender, ask about their interest rates, loan terms, and fees (origination, prepayment penalties, etc.).

We own a mid term rental in Temple that has performed very well.

An original purchase loan was taken in 1998, which was refinanced in 2004, and then again in 2005.

A loan commitment letter carries more weight as it confirms lender approval, signaling a stronger ability to close.Addressing Closing Concerns: A commitment letter meaningfully reduces concerns, especially when paired with proof of equity and a track record of performance, even if on smaller deals.What Brokers Look For: Key factors are a reputable lender, clear terms in the commitment, and evidence of funds for equity and reserves.

I’m from Huntsville originally and work within the Tuscaloosa market often.

Originally posted by @Joe Gore: @Bob Estler, The going rate for 1st non-performing notes in Arizona is 30% of the UPB.

Use the actual NOI, not the pro-forma b/c that is how the property is ACTUALLY performing.

I will answer as it relates to traditional BRRRR, in the general case there are additional options.  1) Do not perform maximum cash extract.  

As the legally required small print in the offering of financial products reads: "Past performance is no guarantee of future performance".