This is very common in my market.If your getting beat consistently, you may need to tighten up your numbers a bit, or look at a different property value range.

I had little cash when I started, so I wholesaled some short sales to cash buyers and sold some nicer ones retail before lending guidelines tightened up.

Don't know about Indiana, but we lend in Texas on commercial and investment property.We are a "true" hard money lender in the sense that we do not run a credit check or examine the buyer's financials.However, we have tightened our criteria in the last 3 years, by lowering our LTV maximum, requiring significant buyer capital contribution on purchase deals, and checking collateral's capacity to meet interest payments.

I agree with Bryan A but at the same time you cant have them calling you for every door knob tighten or light switch replacement.

Care to place a bet on whether lending practices are tightening or loosening right now?

As we go through and rebuild our navigation, we're also cleaning up our code and "tightening" things up.

Very lucrative until 2008 when wallets tightened up.

In this area I finally just had to stop pretending it didn't matter & tighten up.

The only risks to having LOC are that the line could be overdrawn, or the line could have been reduced or closed due to lending institution tightening things.

... 10 years ago, just showing a signed lease was sufficient for the lender I used on my new purchase; since the rent exceeded the amount of monthly payment on the old residence, I actually was given "credit" toward having a higher income :wink: Not sure what would be the case today, with lending criteria having tightened.