There was an infamous mental health institution near me that was fully converted into townhouses and I hope everyone watched the Ghosthunters episode before they moved in!

Anyway, yes, if you know how to work performing notes and can get a decent discount (unlikely from institutions) they can be a gravy train.

To cut an even longer story short, I now have a business partner in Mexico City who is a British chartered surveyor, and has been working on development projects in Mexico for almost fifteen years and is a Member of the Royal Institute of Chartered Surveyors.

That would be about a month.This timeframe may vary among institutions, counties and states.

A good broker maintains relationships with various funding sources, including individual investors, investment groups, and financial institutions.

Many private institutional lenders prefer or require your property to close in the name of LLC instead of your personal name.• Understanding the rehab budget draw process: After you close on a rehab loan, your rehab budget is not handed to you at closing.

I just want to connect with other people who are doing short term loans on real estate projects that are not institutions.

Here is a partial list of US institutions that are willing to take that gamble in the past 4 months. 

At the financial institution I used to work at they qualified you at an interest only payment, assuming a maxed our line amount, and the interest rate used in the qualification process is  +5% of what the actual rate will be.This could be higher than a traditional mortgage payment in a lot of cases.

Whenever I am having an issue with financing, I normally reach out to local institutions.