Hi Quynh, the main questions you'll want to find out as you look for a loan on this property are:Does this property need rehab, are you looking for a bridge loan to secure it quickly, or are you looking to hold this as a long-term rental?

The next day I spoke with a principle at Secured Investment Lending who was very responsive and I closed earlier this week.

Has anyone stopped to wonder why some Sponsors can secure commitments from the more sophisticated check writers while others have to target less sophisticated investors and spend significantly more time on the capital raising to compete for the same buildings?

Looking for best recommendations when it comes to security cameras, motion sensor lights, key pad locks, ring cameras?

If they got a nice cushion of savings say like 10-20k, I would probably accept them as tenants assuming all the other ducks are in a row and if they are willing to put first, last and security down (if legal in your county/state).

Soon though I didn’t feel alone anymore, it was the beginning of 2020 and by March I was joined by much of the world in my “what’s next” quandary.I was lucky though, I lived in suburban Colorado next to lots of park land and my wife had a secure job.

Purchase is secured by a long-term escrow with no cancellation.

Alternatively you could do a smaller a cash out amount and a private agreement for installment payments to each party secured as a second lien post closing. 

My wife and I are passionate about real estate and have secured our first investment property this year of 2024 on Hawaii island.

State Where the Real Estate is Located: In addition to your home state, the state where the real estate securing the mortgage note is located may also have its own licensing requirements.