. ;-)2023 Was The Worst Year On Record For Existing Home SalesClick to enlarge Yes, I said even in 2022 that 2023 will have low transactional volume. 

Just curious how your transaction went and what financing vehicle you ended up going with?

The only explanation from their customer service folks was that it "couldn't be used for that type of transaction."

It's pretty risky as a first transaction.

IRR 10.78% and equity multiple 1.46xI would like to learn more about what due diligence I should be doing, what questions to ask, and anything I would need in place to transact (attorney, costs associated etc.)

Here’s how I do it1-   I do not “cross collateralize” assets, i.e., if I default on one asset (god forbid) the lender can not come after any other assets2 - I do NOT sign personal guarantees - I’ve got two banks that lend to me without a personal guarantee, but only up to 50% LTV.  

This can be straightforward but may not be ideal if market conditions are unfavorable or if there are significant transaction costs.Partitioning the Assets: If there are multiple properties, you could divide them between yourselves in a manner that reflects the 50/50 ownership.

When I did it correctly, they denied the transaction and informed me that my TAX ID and account is no longer authorized to use Melio, with NO EXPLANATION.

Hey Casey, It sounds like you do not have enough funds to close on this transaction.

Property is in CA, I have an agent but would I need an attorney to review the transaction?