Money from these investments will be used to fund more fix and flips and for every 5 completed fix and flips, we will use a portion of that capital to secure 1 rental property (either SFR or MFR).TIME FRAME See GOALS section for short and long term time frames.

.- Im thinking of not charging security deposit because of all the strict MA laws and just using the last months rent as a sort of security deposit, thoughts?

Qualified mortgages (VA, FHA, conventional etc.) get underwritten to Fannie/Freddie/Ginnie standards and get sold on the secondary market as securities.  

It's a very comprehensive of how to safely find and fund a private money loan secured by real estate that has a lot of equity protection.

It's in the BP bookstore and a comprehensive guide to finding and funding a private money loan safely and secured by real estate.

If you want the highest level of security, properly insure yourself and your investments.I don't think LLC shields are things you should put as a priority until you grow a sizable portfolio (10-15 plus with $1 million or more in equity).  

(B) The accessory dwelling unit was built on or after January 1, 2020, in a local jurisdiction that, at the time the accessory dwelling unit was built, had a noncompliant accessory dwelling unit ordinance, but the ordinance is compliant at the time the request is made.(2) The owner of an accessory dwelling unit that receives a notice to correct violations or abate nuisances as described in paragraph (1) may, in the form and manner prescribed by the enforcement agency, submit an application to the enforcement agency requesting that enforcement of the violation be delayed for five years on the basis that correcting the violation is not necessary to protect health and safety.(3) The enforcement agency shall grant an application described in paragraph (2) if the enforcement determines that correcting the violation is not necessary to protect health and safety.

For borrowers with low or mid-range credit scores, what are some strategies for securing hard money loans?

@Marvin Bracamonte - If you bought you're first multi as a house hack I've heard you have to stay in the home for a year before you can then buy your second house hack under the presumption that you'll be living in the second multi and securing a loan as an owner occupant.

Register now and secure your spot at BPCON 2024!