Hi @Gerard Scranton, most hard money/ private lenders won't be looking at your DTI for qualifying an investment loan.

So there is a miss-match and you end up paying more then you should.This is true for a small Canadian Controlled Private Corporation (CCPC) with "active" income - e.g. they manufacture widgets or provide a service to folks owning widgets.  

It could have been a private money loan.

Private message me and we can connect.

I am curious to know how note investors (and private $ lenders, fund amangers, etc.) are using AI in their workflow.

One final tip is to store the Notebook files on your OneDrive and make them accessible and synced across devices while still keeping them private.

It includes a 3-bedroom, 1-bathroom ranch house along with a private street hosting a small mobile home park with 5 units. 

Also, what private investor would give their money to someone without a track record, which is probably 100% of his students.

this is a toughie. hard money specifically is equity-driven, meaning they'll likely want 40%+ down to even entertain the deal. additionally, land without improvements is often very inexpensive (relative to land with improvements), usually pushing below a threshold which makes sense for a hard money lender. if you're not intending to build right away, then i think you'll have the best luck with private money instead of hard money. usually higher leverages than hard money, and more negotiable terms.if you are intending to build on it pretty right away, a ground-up construction loan could work, but those will typically require some ground-up construction experience (on title on other ground-up deals), or an extensive portfolio of heavy rehabs/ rentals/ strong liquidity. those will give you acquisition monies (to buy the land) and build monies (to build the improvements).

Investment Info:Small multi-family (2-4 units) private money loan investment.