Will monthly rent cover all expenses and provide additional funds to set aside for reserves?

Would you be able to get a mortgage on the duplex at perhaps a lower LTV amount and have them either escrow the taxes or use the funding to pay the tax balance in full and use the remaining funds for the renovation?

So, if you use the refinanced funds from the higher-value California property to pay off the mortgage on a Texas or Utah rental, the interest on the new loan should still be deductible because the funds are being used for your rental business.

Keep the funds away from your day to day accounts.Check your insurance.

Settlement shall take place on or before September 27th 2024 closing date. (7-29) days from the ratification of this Contract or sooner by mutual agreement between the parties.

Megan, Not sure if I can help you exactly, but a few items that might help: 1) As you are out having conversations with potential private money lenders, you can start the conversation about "Did you know you can use IRA, or old employer 401k funds to make private money loans, secured by real estate?"

Blogs, podcasts, YouTube channels, advertorials in different publications can all be ways to start getting your name out there as someone to trust with investment funds.2.

How long would the funds need to be there, to satisfy any lender requirements?

As a private lender with experience in the industry, I’m here to help you navigate your journey, whether it’s assessing potential properties or securing funding for your investments.With your background as long-time listeners of the podcasts, you already have a solid foundation.

Before I looked at the deal, here's what I asked from him:The purchase and sale agreementRehab breakdown documentation2 HUD statements of previous dealsDeal info (Property profile, funding, security, repayment plan, etc.)Title company involved in the transactionWhat I also asked for was a term sheet from the hard money lender that was lending at first position.