This use of deposit funds will of course have a repayment plan that must be met.The other change I am making is returning the damage deposit within 2 business days from unit transfer instead of the default 21 days.

When emails are sent, a response comes within 1-2 business days - not 3 months.Thanks,Alex

There's still lots of applications, contracts, invoices to take care of with the power company and we need to pull a permit and get the temporary power pole inspected by the city before they can relocate the line but once that's all done the timeline to have the power company move the line is only 10-15 business days.

Here is how most work: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: 70% of After Repair Value(ARV) 100% Rehab Financing Available (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.

They can usually serve the 3 day on the same or next business day.

Our second PM firm was $5,700 out one month and it took them 43 business days to respond to our questions, and that was after MAJOR prodding. 

Most work like this: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.

But I do miss the convenience of getting rent immediately with Zelle as opposed to waiting 5 business days with Cozy. 

PROPERTY TAX INFORMATION IS VALID AS OF BUSINESS DAY 9/14/2016.

Most hard money works like this: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: $50,000Max 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.