Questions Regarding Property Registration Restrictions in a Joint Venture Model:Are there any restrictions when attempting to change the property registration with the county (through the title company) if the property has an active Hard Money Loan or DSCR Loan?

I wasn't sure how much to expect from the title company in resolving this.

@Kim LeduffIn our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Typically when you see "cash only" the agent doesn't believe the property can pass a home inspection which isn't relevant for construction loans in most instances and there are plenty of banks, hard money lenders etc. who offer construction financing on distressed buildings.

I collaborate with large custodian companies.

Once the rehab was done I refinanced out of the private loan into a conventional loan as a primary residence.

Hi @Vincent Plant,You've gotten some great advice on what to look for in a hard money loan.

I have recently worked with a company that has an excellent offer.

You could also use a Fannie May Home style renovation loan which a conventional loan and require 5% down vs.

Take into account your mortgage, a property management company and other expenses and you are lucky if you net $300.