Kindly reach out any time

Long time investor/landlord in NC and SC, let know if you have any questions?

So far the biggest challenges for out of state investments has been finding reliable contractors or help to complete projects on time and under budget.

I have time this Friday or from 2 -5 Tuesday thru Thursday of next week. 

I only ask because that is, in my opinion, the most challenging part.  

Hey @Justin Snead, it’s fairly easy to get your license in your spare time online.

@Chris Babb,I have moved in to the Build to Rent field full time. 

In this instance what I would do is get the deed in lieu from the borrower so you ahve the property again and get a note from them but have an attorney draft it to see if you can include a confession of judgment - meaning if they do not pay then you can get a quick judgment and possibly garnish wages.I would also have them put a small down payment as part of the note and only accept a check that way if you ever did garnish you have a copy of a check so you know where they bank.unfortunately you are right they can stop paying on the note and its unsecured so its a risk but out of all the options this is your best option.

I'd love to connect with anyone in Utah who might be interested in taking some time to answer questions.

They finally reach out to say that the bank needs more time to work on this loan and work through the paperwork.Finally, we get to the third close date.