Just scroll through these boards and you'll quickly see how badly things can go for amatuer property managers who are trying to save a couple bucks.

I've seen lines of credit on WSJ Prime, Prime, COFI index, Treasure maturity indexes, Libor, and many others.A popular 1st lien HELOC primary is a primary and secondary residence product (non investment properties) and it can go up to 75-80% LTV which doesnt sound too high, but the max loan amount is 2,000,000 vs typical HELOC (home equity lines of credit) that cap out at 350-500k.

Quote from @Ken Buck: Quote from @Joe Villeneuve: Quote from @Michael Gonda: Thanks so much JoeThat second option is really looking very interesting; frankly, I hadn't thought of that. 

And the late fee for your taxes isn't $10 buck anywhere.It makes it much harder to fill a unit with a less than stellar tenant. 

And it’s simple to self manage if you want to save a buck.

I normally reply to posts but making a post :)Best bang for your buck I typically see when working with clients is exterior paint/siding and landscaping.

Suited semi-detached in mature neighbourhoods tend to cashflow best right now.

Most Hard money lenders are going to require 20% of cost so if you have that plus reserves then that is by far the best bet.If this Is for real and they are not just trying to get a thousand bird dogs to pay them a 795 up front fee for their inspector they probably pay 100 bucks to drive out and look at and fund very few deals ( like many mortgage scams) .. then these can be pretty nice set ups for you to gain experience and build your resume'I would also hit Mark off line he is a very experienced licensed Broker in that area and one who knows the investor side of the coin

Additionally, the other percentage mostly have some type of job that is essential or they are street smart and know how to hustle work for a buck!

@Emmanuel OlaIf you can get a longer term conventional loan I would choose that over a hard money loan every time - this is of course assuming the hard money loan has higher interest rate as well as a shorter maturity date