In that case, it is due the next business day. 

Then file for an eviction on business day #6, ie as fast as I can. 

Most hard money work this way:Rates: 10% to 14% (Most Deals are 12%)Terms: 1 Day - 24 Months (Most Deals are 6 months)Fees: 2-5 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 Max Loan: 65-70% of After Repair Value(ARV) 100% Rehab Financing Available (Most Deals require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 10 business days)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

I called them this morning and they said it’ll be another 7-14 business days before the exchange can happen..

I told this tenant yesterday that I would respond to non-emergency communication within one business day.

In my case, my tenant has sufficient funds, but Innago takes much more time than the claimed 3 business days to verify and disburse funds "because the amount is above the threshold and being flagged for fraud."

Let me know if you have any questions:Rates: 10% to 14% (Most Deals are 12%)Terms: 1 Day - 24 Months (Most Deals are 6 months)Fees: 3-5 points(%) of loan amount (Most Deals are 3 points(%)) - $2500 minimum fee Minimum Loan Amount: $75,000 Max Loan: 65-70% of After Repair Value(ARV) 100% Rehab Financing Available (Most Deals require 10-20% of purchase price down or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 7-10 business days)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Most use the following:Rates: 10% to 14% (Most Deals are 12%)Terms: 1 Day - 24 Months (Most Deals are 6 months)Fees: 3-5 points(%) of loan amount (Most Deals are 3 points(%)) - $2500 minimum fee Minimum Loan Amount: $75,000 Max Loan: 65-70% of After Repair Value(ARV) 100% Rehab Financing Available (Most Deals require 10-20% of purchase price down or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 7-10 business days)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Thumbs down on Innago for rent collection, based on my past few months' experience.In my case, my tenant has sufficient funds, but Innago takes much more time than the claimed 3 business days to verify and disburse funds "because the amount is above the threshold and being flagged for fraud."

We require SD within two business days of approval, and rent must start the earlier of possession, or 15 days from approval, with first month rent paid prior to handing over keys.Whenever prospective Tenants can "tie up" the rental, but have a long period of time before actually signing or paying, they usually are just continuing to look for something they like better.