Hello, looking to potentially use a hard money lender in NJ. Can anyone recommend some stand up lenders I can speak to? Also if any NJ agents that are familiar with using these and transitioning out of them can reach ...

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Just hear a podcast dated 02/14/2019 were Juan Pablo said he did a multi family 100% Finance and seller holding a note. pod cast titled "stop wasting time with residential mortgages!

However, if you start holding properties in an LLC, you don’t want to flip properties in the same LLC.

Also beware, suncoast will hold you for 2 years while they suck the life out of you.

We are in Los Angeles, and although we do not own anything in SD, we hold a loan on a portfolio of SFR's there that is not performing at the moment.

The down fall is a Heloc can "Never" be used as an asset or for PITI reserves required when buying a new Primary or investment property.A heloc can also cause major issues with credit and one slight hiccup or missed payment the bank or lender who is holding the Heloc can close or reduce your line of credit.

Account for all costs, including closing fees, holding costs, and repairs.

I've been buying SFH's out of state all cash as long term hold rentals.  

I usually hold 15% total for these.