Would the 9-year balloon concern you, knowing you'd need to refinance or pay off the balance at potentially higher market rates in the future?

Hard money lenders have a good amount of flex when it comes to FICO score and typically the main issue that borrowers with low FICO's have is that their max loan size gets cut which doesn't seem to be an issue here.

Matt is on the cutting edge in this arena.

You are so right about analysis paralysis 😁Not too concerned about mechanics though I would like to learn more about how to best use CRMs (specifically freedomsoft), but also would like to learn specifics regarding forming LLC structures and tax strategies 🤔

I have a question and would really appreciate your input.I’ve done a couple of fix-and-flip projects in the past using hard money lenders, but I’ve noticed that their fees and interest rates significantly cut into my profits.

My partner and I don't get a cut of any of the money invested, it's a flat-fee membership club.

suggest you find a different attorney firm to work with...they'll take a cut, but worth it.

If the partner wants to get a bigger cut on future deals, they can save their money and buy into a larger percentage on the next deal.

I understand if you want to sell 1 of the lots, but I'm not sure about your concern about paying off the debt so that you own it free and clear. 

I can see when they're cleaning the pool, cutting the grass, servicing the HVAC unit outside, etc.