I loaned to an LLC for a flip.

RichWe can do DSCR loans with no prepayment penalty.

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

Draft precise agreements outlining loan terms, manage risk by diversifying investments, and build relationships with real estate professionals.

I personally dont do any of that.. every market / or most will have an active fix and flip sector or buy and hold sector the important thing to me is the operator full stop.. great operator will do well in any market and all the national data simply is noise at least at my level. ( loaning our own money and JV deals with our own money)  we dont broker or anything like that.

I found an apartment for sale with an assumable loan.

Getting it under market value would be a bonus.So, would using an FHA 203k renovation loan, which would allow me to buy something unqualified for a standard mortgage, which would weed out a lot of competition and push the price lower.

Finding it through your Facebook sphere shows the power of networking, and keeping the rehab cosmetic was a smart way to minimize risk and maximize profit.One thought: Have you factored in holding costs, loan interest, and potential market fluctuations during the 45 days?

20 to 25 year amortization is pretty standard for commercial loans, in my area at least.

Investors may like the income on the spreadsheet, but the appraiser for a traditional loan won't care.