It took close to 15+ years, but states are finally catching on that the majority of loans are no longer held by banks and by non-bank lenders who are selling them off to private equity and other non-bank funds including individuals and they are starting to hear about the shady stuff going around.Regarding straight sub-to and banks calling loans etc., this I think is longer term implosions as I am seeing people who absolutely should not be buying a home as they have no money buy them sub-to because of little down payment and will eventually lose the property and that is when many whose mortgages are still on the property come out and sue.

@Melissa Odom private money has been awesome for me and helped me grow my portfolio tremendously.We used it to do BRRRR where we bought the property with private money, rehabbed it with that money too and refinanced as soon as we could to get them their money back.Our private money lender was happy because they made their return and didn't have any worries because we were an easy borrower.

Whether they used the city/county inspector or hired their own "private provider" inspector, the results of each inspection should be on there.

However, if anyone has recommendations on alternative methods for securing capital like private lenders, please let me know.Also, I'm in the process of learning how to underwrite through online courses, but finding rental comps for MF seems a bit more complicated than single family homes.

You are not a sub2, a STR, a commercial real estate, mortgage note, private lender etc. guru / expert.Many of these gurus will sell you on a lifestyle...

As this assignment is a private document, it is not recorded.

Thanks Stephen, yea I did talk with one private loan officer whom also said to do a sale and rentback but need to talk to some more for sure.

There is a lot more grey area in commercial and each bank, credit union, agency, and private lender have different credit criteria.

Private equity for 70%.

While I don't do anything with wholesaling, I do/can provide help as a Private Money Lender for you.