"Before borrowing money from a friend, decide which you need most".

Just make sure you're actually putting pen to paper and doing your due diligence on underwriting. 

Making sure you are doing this in a house and community that will warrant it too. 4.

Self managed HOAs are usually undercapitalized so you want to take a thorough review of the condition of the community to make sure there isn’t deferred maintenance because you might get hit with a special assessment if the board isn’t setting aside cash for those capital improvements.At face value, taking into consideration my typical financial objectives, I wouldn’t do this deal unless it was a much lower price.

The lower rate or longer term can also make the payment more affordable. 

You make the deal, not find the deal. 

IRS 590 also explains this.5) When you receive a distribution or otherwise get paid back, never take personal control of the money. Make

The only thing we can think of is he deals with a lot of international trade and money and maybe it’s OFAC we just get a scripted message every time we talk to someone so we got lawyers involved. 

Should I file suit to make them sell the property?

Hi,Thank you for sharing your experience and insights from being in the private money lending (PML) and hard money lending (HML) space for decades.