Obviously, there are several, especially two members, that don't have a clue as to what a Bank Examiner is or does.

I visit with him, examine our books and records, and come up with three different alternatives to right the ship.

Don't know about Indiana, but we lend in Texas on commercial and investment property.We are a "true" hard money lender in the sense that we do not run a credit check or examine the buyer's financials.However, we have tightened our criteria in the last 3 years, by lowering our LTV maximum, requiring significant buyer capital contribution on purchase deals, and checking collateral's capacity to meet interest payments.

By all means make absolutely sure they send you detailed monthly income and expense and examine them closely.

Im nerves because it will be my first deal if I do it. please if me some info thanks

I will definitely re-examine the financials if I find a fair lender for assistance.

I can assure you that the rules will cause me more aggravation than someone that is Unethical.If there is a creative way to buy and sell real estate that is legal...I will persue that option and don't want another state, government entity in my business.I'm still examining all my options, thanks to all.

I am trying to aquire cash flow properties and have been presented with a couple but this one looks promising and I was hoping you guys could examine it.ARV is 43,000 it is a double with a 2/1 and a 1/1 each unit about 750 square feet the units will rent for 900-950 and taxes will be about 600 for the year.

When the loan is reviewed in an examination, the examiner will most likely do the same quick check, seeing if the loan "made sence" at the time.It's the quickest check I know of to see if you should further consider the deal, when you have more information, you can make a much better determination.The problem is that just because a property may not cash flow to that extent, it does not mean that it is a good or bad deal.

The test given was the FAA exam in 2 weeks what the civilians get in 8 weeks (at that time) so it was cram 24/7.