@Jerryll Noorden wow this is great I will definitely have this all saved in my documents as a daily reminder I appreciate you for being thorough and giving me a better explanation I will start to change my approach and move towards a better outcome thank you!!

Here’s an explanation, @Evan C.Most private/hard money lenders will only make business purpose loans and leave consumer purpose loans to the conventional lenders (BofA, Lending Tree, etc.).Dodd-Frank presumes that real estate loans made to an LLC are for a business purpose.

@Alan McClain thank you Alan for that explanation!

Did you try to fight that at all or get an explanation?

Could I get a good explanation as to what owner financing is and if it’s a good idea for purchasing an apartment complex?

I just read your article and it’s a great, simple explanation on how to get started.

Security deposit amountYou can find plenty of examples by searching for "tenant estoppel certificate doc" or exchange "doc" with "pdf" for more options.Here is an example and explanation: https://eforms.com/rental/esto...Some have a lot of legal jargon but this document does not need to be so detailed.

The exams offered questions that were likely to be on the actual test and once complete, you'd see what you got wrong along with explanations.

For an explanation of why, go to creditboards dot com and search for AMEX backdating.You really want to make sure that at the time the cards report each month, they are as low as possible.  30% is high enough to be hurting you.

I am going to be speaking to my previous loan officer just to get his explanation as well.