If the contingency reserves were paid in cash, they may be refunded to the borrower.The contingency reserve may be considered as part of the total renovation costs or the borrower may fund it separately.

@Trent GulinoI agree with @Katie Smith about considering a hard money lender.

What strategy are you considering: buying, managing for others, arbitrage, etc?

Monarch does a great job of being the "dashboard" and appears to have good customization features.

Be aware of state usury laws and consider collateralizing the loan for security.

It certainly does impact our business for anyone considering using our services and there are many facts that are misrepresented or omitted.RTR serves as a turnkey and new construction marketplace that researches various investment markets throughout the country and connects investors and sellers.

@John McKeeHave you considered bringing on someone or some equity to help with the more money down.

We have a lot of customers at the moment who are strongly considering lifting their homes.

The biggest factor to consider is the new interest rate since it’ll likely be higher than your current 3.2%.

Taking a boiler plate contract is not going to be helpful as they're typically customized to people's needs/wants.