If its a single family they generally throw the 12 month rule out there because it throws a red flag if you put a tenant in there shortly after buying the property.

Plenty of shopping in Castle Rock, Parker and Elizabeth, which are all only minutes away.

Two new giant developments recently announced...Hard Rock and Margaritaville. 

Purchase price: $300,000 Cash invested: $80,000 Let me paint a picture for you of this amazing cabin we've got in the Red River Gorge.

@Jamaar BrownOn a BRRRR if your not “All In” (purchase & rehab) at 70% of ARV you will leave some of your cash in the property when you do a cash out refinance into your long term hold loan for the property.It’s not the end of the world, but it’s a rock solid ROT if you want to consistently cash out all your capital back out on a BRRRR.

@Ian Rysdale I think you will find credit unions to have less red tape and are much quicker.

Even for this, I don't find many people will stomach being in the red $1,000 or more if investment is any kind of goal here.I see clients who want a mix of personal use and investment end up somewhere near, but not right in town.

If you found a property management company who didn't have one of these that'd be the real red flag.

There are many red flags here.Your borrower started out in financial trouble and you want to loan him money?

BP is very strict about political talk, so we have to be careful with the red vs. blue discussions.