That was a really tough time to get a loan and they believed in me.Local banks and credit unions also know the area so they can adjust a bit from a larger macro brush used by bigger banks.Positives of local banks:- you develop a relationship so you can someone you know and talk through a deal before you even offer on it- less broad strokes on requirements- longer fixed terms 10 year fixed is not uncommon (think hedging future interest rate increase)- most have no prepay penalties (this is huge and give you many options) If you cash out refi after a BRRRR and then 1 to 2 years later a buyer shows up a your door with some unbelievable price, you can sell without prepay penalty calculations.

I have no dog in this fight, but the point of these forums is to connect people with more experienced investors and get answer to common (and uncommon) questions or problems.

Remote investing is not uncommon for many investors - best to have a team on the ground first. 

It is very uncommon to find a Private Money Lender doing anything above 70% LTV ARV ( After Repair Value ) I hope this helps and finds you.

As you get into higher end properties (not uncommon in SF) you can start to run into problems.

These are uncommon strategies on BP...but very common in the larger real estate market.

I agree however we see that return on most listings in outer Charlottesville markets and 18% is certainly not uncommon.  

If you are in an agricultural area, they can be associated with increase in farming activity as well.As far as shocking the well goes, it is not all that uncommon.  

Many wholesalers will do a double close to hide their profit, as it is not uncommon for Sellers or end buyers to walk at closing to avoid giving a wholesaler a significant profit.In NC the real estate commission doesn't look for wholesalers - but someone could complain about your activities and complain.  

While the trustee has the finally say, it's not uncommon for the trustee to outsource some of the investment decisions to a professional firm.