Noe I don't recall, seemed like it also said that the security agreement could contain provisions for a deficiency, if so, under those circumstance the lender could seek the deficiency, so read carefully....I'd guess most lenders would go there if it's allowed.

Hard money plays an integral part in the business of real estate, and it's good for BP members to be able to understand it, and the value it has in certain circumstances.

The "puddle" may be gone, but the circumstances that cleaned it up did not fix any of the issues that caused and perpetuate it.There is plenty of money to keep the puddle dry, but our bigger problem will be when that ceiling collapses.

The reason I wanted to have the property in the LLC name was mainly so that the rent check would be to the LLC as opposed to my personal name for privacy and business distinction purposes.

Marie Poe, JFYI, Secondary market, Fannie Mae will accept a professional who has verifiable employment within 90 days who has sufficient cash under certain circumstances;1.

a delayed sale and purchase plus a short lease will cover at most circumstances.

You'd have to study the details of each sale to understand what the circumstances of the sale were.

If the numbers stack up just go for full asking then you sould have more success that's what I've found in Sarasota, it sound horrible but I like find out what their circumstances are, if it's the 3 D's I'll low ball away!!!!

You can't be everyone's friend to their life circumstances in this business or you will go broke quick.

I think it is really hard to say as there are a lot more questions to answer and circumstances to consider.