The process and the strategy might change, but if you tell yourself it's a bad time, I guarantee you won't find any deals that work. 

My favorite is when the reps and warrants state that the loans are being sold as is and the seller will not take any responsibility or guarantee that the loans are enforceable or not, even if they were the sole cause of such  unenforceability.

I have personal guarantee, Mortgage note, promissory note.Now borrower(investor) neither paying monthly interest, nor responding to any phone call etc.What should be my immediate action. or series of steps.Definitely I will reach out to attorney. but in the mean time, I though asking here, if anyone has any advice.Thanks

Your LP’s will need to be informed they are behind a hard money lender, what those terms are and the risk involved with being behind that hard money lenderDepending on the lender they could require you or one of the LP’s to also personally guarantee the loan.In most states if you have more than one LP then you would need to register the offering with the sec (most likely as an exemption) but docs and setup would probably be $10k.Can it be done yes, is it typically done for a deal under $1-$5M, typically no

Rhino is basically like that.Then we would turn around a guarantee 1.5x the rent security deposit guarantee to our owner clients.

Let's link up!

Sorry I thought I posted the link. 

I'll send you my link so you can be in my downline. :) just kidding I don't work at eXp.

Can you share some links?

The sales rep was saying they guarantee three deals in 90 days or they work for free and not sure if they stand by their word.Thanks