I agree that is will be a gamble as to how well it will do.Also, ask the owner if they will entertain partial owner financing to keep from dragging family and friends into this risky business venture.Maybe even rent from owner for a year with right to sublease to see how it goes before committing to a purchase.

However, all properties in the funds are stable and we still feel pretty confident that things will pan out well.Our biggest gamble in all of our investing was with Goodegg.

Normally a Promissory Note would just be an I.O.U., and that's what the banks want people to think.

We decided to go with a DSCR in the LLC name to help protect our personal assets… We are near closing which has taken WAY too long in my opinion… (we are on month 3 with 3 extensions)…Regardless, at this point 2 of the 4 of us in the partnership are being asked to sign as guarantors of the loan…1 Is this normal?

They gambled, and lost.

Hello BPers I was going to attend my first local investor event/meet up and was wondering what people normally wear to these things.

Some banks and lenders will cut you off at 6-7 even if your DTI is below the normal percentage.

I would just cap it generously to only catch abusers and figure the normal running costs in your rent. 

Most gurus have their clients journey end the moment they send them the money, they join a facebook group - have overseas VA;s moderate it and provide some old videos that get repurposed.Those who are new and thinking they are creative typically get crushed as they are gambling not investing.

Is it for a shorter length term than the normal 30 yr?