And I got almost a whole house left....what kind of person paints their entire house in dark red and green, and lime green?

It was preferred to buying it before the sale with a ton of liens attached.I've seen a few done lately with private lenders, smaller mortgage companies, mouse houses(last resort lenders), small local banks, but anyone larger or national your just going to hit the "clerk wall" and have to wait for the red tape, the company lawyers trying to justify their existence, and for them to finally offer it.Really miss the old days when you dealt with the bank executives direct, they did better for the bank, and it was still good for us.

All other costs I would cover.Don't commercial loans usually come with a lot of red tape?

If you want to know who realizes this more than anyone, just look at the previously mentioned red, white and blue realty signs.

My concern would be he is too far in the red for even that!

I've been looking far and wide for common sense underwriting without a ton of red tape on SFR pools, and you seem to very much get it.How large would a deal need to be in order to convince you to lend outside of Texas?

Some investors are happy with a 5% return (it's better than a CD and most likely very safe) some wouldn't look at a deal unless it had 18% in big red numbers written across the top.

There are so many red flags with this person that I could write about why you should get rid of him but I won't.Here are some rules that I follow when bringing anyone on my team:Find the best people you can find.

Hes in the red almost everymonth for the past year.He has mentioned that he is motivated and would entertain purchase money mortgage but I am really more interested in getting this as a master lease with option.

I believe (loan brokers help me out) this is flagged up front (or early) in DU entry as a 'red flag'.(1) Source: https://www.fanniemae.com/content/guide/sel073013.pdf