It's actually really expensive to transact real estate - see the number of posts on BP by first time buyers who are shocked at how much they have to pay in fees and points and closing costs.  

Debt payment is due.It was shocking when Reagan had a 90 Billion dollar year.

I am a little shell shock from 1980s and older since things just break like my old 96' Honda Accord.Track Record & Past Performance:Evaluate the operator's past deals using third-party reports (e.g., CoStar, Yardi) - these cost 10-20k a year and again this is not in scope or access of LPs.Verify past performance metrics (walk past assets and secret shop their staff at assets) rather than relying solely on marketing materials.Visit comparable properties physically to validate rent assumptions.

My husband and I currently reside in Mount Pleasant, South Carolina.  

I'm kind of shocked people are still ot there buying properties right now instead of putting some cash away.

Seems if they spent more to get a better guru, giving good advice, it would pay off in spades.Did you know that if you are a gator lender lending in second position (after a sub to mortgage for instance), and you don't have a title report run, 1. you may not even be lending against the property you are thinking you're lending aginst2. the person you are giving money to may not be the owner 3. there may be other loans ahead of you on the property which makes your risk much higher4. you may be lending more than the property is worth and not now it5. if the guy stops making payments on the first and it goes into foreclosure, you lose your moneyThat's some pretty serious stuff  shocking, another copy + paste post!

You’d be shocked by how little actual screening many PMC’s do!

You’d be shocked by how little actual screening many PMC’s do!

You’d be shocked by how little actual screening many PMC’s do!

It is lost on them.One thing is for sure, any lender who can lend with their own capital versus using a warehouse line is going to give borrowers a much more pleasant experience.