You aren't required to offer a loan mod prior to foreclosure.

I've helped people with SBA loans to purchase real estate for a business, but for buying rental real estate, the DSCR loan is a much better option.

Here’s some guidance to help with your next steps:Hard Money Loan: Hard money lenders can often cover both the purchase price and some rehab costs (up to 70-75% of the after-repair value or ARV).

How much will be the interest rate, and terms of the loan. 

So I did a 3-2-1 buydown and secured a 2.875% interest loan for the first year of the loan, and it will gradually go up a percent each year until it hits my rate of 5.875%!

Experience depends on who you deal with - the cleaner the loan file and more organized your paperwork the smoother the process with any private lender.

You don’t have to pay $20k+ to learn to broker loans. 

That is important when considering a conventional conforming loan.

There are DSCR lenders will allow only a single 20 or 25% owner of an LLC to sign a Personal Guarantee (other owners are not on the loan, or liable for the loan).

Hi everyone, I am wondering if anyone Has had any good experience with a particular lender that will loan on a empty lot?