Cash Flow: Given the high prices in the Bay Area, it’s common for rental income alone not to cover the mortgage and other expenses.

I have been waiting for someone on the BP forums to explain to me how a Wyoming LLC will stop a plaintiffs attorney from filing a claim against the deed holder when their client falls in front of your property because of a down tree or ice patch amongst the many other common claims a real estate owners encounter....and to this day  crickets.

He is more in the market of getting people in rough spots in life into their first home or helping them reverse engineer there goals and then helping them achieve them.Like anyone looking for a mentor, its important for a noobie to find someone you have common interests with and has a vision that you can support.

Mike when I first got on BP it was common and I believe encouraged ( to stimulate growth and participation) that you had what I called welcome wagon posters..

The (un)importance of owner occupancy is a common misunderstanding among private lenders.

For a fix-and-flip scenario your max loan amount would be based off your experience and can go as high as a % or purchase although it is more common to get 90% as the loan size is typically restricted by the percentage of the ARV for that program.

This is a very common practice and it would be much more rare for an insurance company to not inspect a property after signing a contract.

As far as I know whatever the rent is for that unit will remain the same and small increases of 1% or so a year are common.

They do an initial assessment of the problem, run through common solutions, etc, to get info about the repair.

I agree Don and in my earlier days in Northern CA brokerage activity it was common for listing agent to take less than selling agent.. when I moved North to OR WA it was the opposite listing agent would take a larger cut and they would justify it saying they did that because they had to pay for advertising and marketing etc..