I also want to say that if you see this as a true passive investment, you'll be in for a surprise because it's anything but....usually.

I see the discussion, but it's talking about the amount "Jim" can take for the next loan, not anything about the time period between when one loan is paid off and the time until he can request a new loan.Asking more out of curiosity, I would be surprised if John Hancock had something incorrect posted on our retirement plan web page. 

Building homes always comes with surprises but the best part is that our clients don't feel any of that.

Both of the members of the LLC we are hoping to do the cash out refinance for are also LLCs if that matters, so it would be distributed from one LLC to another LLC to hopefully the members pockets.Want to make sure that the money remains tax free the whole way and we don't have any surprises. 

@Kris L.I would connect with @Josh Green, I would not be surprised if he dealt with a transaction in your neighborhood and he is a local expert on all fronts.

I'm surprised there's not more legal guard rails in place for these types of deals given the large amount of $$ involved.Curious when a non accredited investor is let into an investment that states it's open to accredited investors only, how does that make sense? 

It may be a tough pill to swallow if you feel you’re totally right, but you may be surprised at the LEGAL opinion rendered by counsel.  

Go find another property and just check in with this guy once every month or so....you might be surprised one day :-)

That's the biggest piece that can surprise investors.

I'm a bit surprised about Lexington's #'s.