He has spent the last several years working with borrowers on loan mods as well as suing lenders for predatory lending practices.Although this is clearly a hard money loan with a business purpose on an investment property, and not a “consumer loan,” we are hesitant to lend to this individual.

The basic aspects mentioned above will be needed for small commercial deals, less for residential commercial like an 8 unit apartment, but if you get to look at a small note, 50K on a strip center your experience and education level requirements just jumped way up.So, the book the paper game and similar books about how easy it is to buy notes is a consumer product, they are not educational materials as much as they authors may want to describe them as such.

Consumers tend to be short sighted and freak out as values change and bail out right at the wrong time.

You have just consumed 5,000 calories in one sitting.

Dept of Consumer Affairs that security deposit for unfurnished rentals cannot be more than two months rent; that should be a reliable source!!

It's on a single system in the county, but in the city they have 2 different systems they have to check (it will be different where you live) and if you want they will let you dig through the paper files to go back even more.I know this is time consuming, but at the same time it can save you money in the long run knowing what was done and when.

This is just one company in the entire State, which offers loan modification services for consumers.

That will be the most time consuming.

After you're "living for free" with your new multifamily, and you hopefully have no frivolous debt (credit cards and loans on depreciating consumer goods), you'll have lots of free cash flow to propel your investing forward.

The SAFE act regulates consumer loans, not business borrowing, but if the loan goes to foreclosure, and the borrower claims it was a consumer loan, not a business loan, you will be int he position of proving to the contrary.Therefore, I strongly recommend the following:Lend to an entity only, not a personGet the borrower to sign a declaration stating the loan is for business purposes, and the proceeds will be used only for business purposes.Get a Nevada attorney who has worked on private lending closings to generate your documents and advise you on any Nevada llaws and requirements.