You can give the little guy a chance but with plenty of safeguards and generous exit plan.

You can give the little guy a chance but with plenty of safeguards and generous exit plan.

in todays world it does not matter the loan size a company that is lending money as a business needs to make at least 4k per file At least and thats just fee's does not include interest other wise no way to pay your over head and make a profit.And since borrowers are hyper sensitive to points  and they see the 2 and 12  they just assume it stays static for all loans. now many lenders will charge the 2 points but your going to have 3k in junk fee's  on top of it.

This deposit is really a safeguard for the seller if you decide to not go through with the purchase of the property after inspection period for reasons that were within your control (ex.

Military members are less sensitive to market fluctuations and economic downturns, I can also reach our to their commander if they miss a payment.

This works OK for relatively static and simple investments like a private placement or crowdfund, but can become rather cumbersome and expensive with a more time sensitive and transaction intensive asset such as a rental property.

Are there any other considerations or safeguards I can put in place so that I don't have any surprises after closing?

That being the case, it's not an interest rate sensitive loan, because the payoff timeline is so compressed.

“Phishing is the fraudulent attempt to obtain sensitive information or data, such as usernames, passwords, credit card numbers, or other sensitive details by impersonating oneself as a trustworthy entity in a digital communication.

As both an investor, and Realtor, I want to reach out to the owners while being sensitive to their situation.