I would also try especially in the beginning at least quarterly to complete some routine maintenance and make sure the house is being taken care of properly. 

. :) WE pulled it off and I was pretty proud of my negotiating skills against wells.. but it was running up on a quarter reporting end and I guess they just really needed that loan off the books..

I posted about the head scratching returns this company was offering in the past as they were alleging 10% per quarter - yep that’s 40% annualized and they would let it compound$300M raised - why?

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

It runs the fourth Tuesday of every month and is an excellent chance to network with other investors.

Key things to agree to The interest rateamortizing or interest only loanLength of loanLength of amortization (does not have to be the same as length of loan if there is a balloon payment)When are payments due; monthly, quarterly, annually at the end of the loan etc.Are there any upfront points to be paid and other misc terms like late fees.Then have an attoney create a Note and a Mortgage (or deed of trust depensing on the state)

Whether it is their first year or fourth year, lease violations are lease violations and you should get rid of them when given the opportunity.

From Google AI:In the first quarter of 2024, Memphis, Tennessee had a 14.6% house flipping rate, which was one of the highest among metro areas with a population of more than 1 million.

Purchase price: $33,000 Cash invested: $6,000 3/2 on a quarter-acre lot in a rural setting.

We had a borrower who first three loans did great and this fourth one is in default (we are in first).