Because those loans to owner occupants would require licensed lenders, per the SAFE act, there are very limited numbers of hard money lenders available.Because of the added complexity of lender licensing, and the added layers of regulatory compliance, most hard money and private lenders have chosen not to become licensed, therefore, there are very few who will lend to owner occupants.

I know your excited about growing your business but couldn't you have chosen a different post title?

How big it is is a function of the house you've chosen, not the bank.

There is a thread going, but I don't think they have chosen the next date yet.

Just to piggyback on Ned Carey and Marco Santarelli's points about jobs - you may want to consider who the major employers in your chosen area are (and the diversity of those employers)...

I have chosen to put all my rentals into 1 LLC even though I know a series LLC would provide more protection.

In the words of Hyman Roth "This is the business we have chosen."

haha fair enough..i wasn't a superstar, but a back up goalie in europe makes much more than i did..trust me...as a matter of fact, my buddy was chosen 2nd round as a goalie a few years back, only to be signed for 12,900/year,and he ended up being the starting goalie too...and that was the 2nd round of the mls draft!!..

@Will Pritchett: Currently Wimberley, TX will be our chosen location.

However, Atlanta had only grown 5-7% per year in appreciation not 15-25% like the other bust markets.Smyrna is certainly a great area, and you've chosen well!