Why has this type of product disappeared? 

•When I am doing ______ I feel most productive and excited about the work I'm doingThats a very simple view but I believe perhaps if you start with those 3 questions you may be able to work backward into what opportunities for a career in real estate may suit you for the long run!

The intent is the sponsor needs to know enough about investor to feel comfortable the investor has the financial knowledge and acumen to properly evaluate the potential risks and benefits of any investment and the financial stability to invest capital for a 5 to 7 year period.Topics of discussion with sponsor would be:Income, credit, job stability, prior investment experience either with real estate or other asset types, education level, occupation and profession, amount of savings or funds in retirement accounts.Hope this helps.

Reach out if you’d like to discuss the process further and get you prepared.I seek a product that shortens the 3 weeks down to 1 day where the lender makes the decision based on criteria that will be real in the future and is easy validatable when everyone is at the closing table. 

Distance makes investing more challenging, as does seasonal occupancy and governments which operate differently and/or are less stable than our own(though our own government has not been a paragon of stability lately.)By investing in the Caribbean, you’re adding those challenges plus you’re throwing in the occasional hurricane.  

Your intent must be to hold for productive investment use. 

It’s a very specialized product, which is why the broker I’m with focuses only on this loan.

Lots range from $100,000 up to $250,000.Mid range not a lot of inventory or product on the market for say $300,000 to $500,000.

About 4 years ago we purchased a retail center for cash and after stabilizing the tenancies financed $650,000 at 4% fixed 20 years with this lender.  3 months ago this lender allowed us to wrap their note in a new first lien we provided to a buyer with a 10% interest rate - essentially granting us the right to collect the differential between 10% and 4% on the principal balance (currently $610,000).  

I made my decision based on the fact that a) $5800 for a 90-day program was something I couldn't afford; b) $5800 for a 90-day program seemed VERY fishy/scam-y/pyramid-y to me; c) after scouring the internet for information, reviews, etc about the program, I found literally ZERO bad or less than 5-star reviews about it which - to me - is a massive red flag; no program, product or service is perfect, and the fact that they are making themselves appear as such really gave me a bad feeling about the program.