Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.

Your experience with project management and relationship building will be invaluable in real estate, whether you’re interested in development, investing, or property management.Your entrepreneurial mindset and eagerness to learn are excellent foundations for diving into real estate.

For illustration purposes if I were given the opportunity to finance my construction projects at 8O% LTC full recourse or 70% partial recourse I will select the higher levered recourse option because have confidence in my projects knowing the debt is sub 60% LTV and want the benefit of leverage. 

Alot of new renters have a tough time coming up with sec dep and rent during this time of season especially with xmas.   

Hey @Kyle Thomas -- I am actually working a new project related to exactly those questions.

Have participated in about 6 PadSplit projects over the past year.

For this reason to me investing out of state becomes tough knowing you must for 25% down every time you buy.

People laugh sometimes but I've bought two houses on credit cards using one of my account checks at times when I had a lot of projects going at once and was short on cash but didn't want to let a great deal go by.

Contact me if you’d like to earn passive income or are in the business and are looking to collaborate on any projects.

My build cost psf for my own projects is around $135-$145, and I charge people between $190-225 psf.