In over 15 years of lending our money privately, here are the most common questions we are asked by potential borrowers.

The loan will be interest only for about 12 months (up to 18-24, but 12 is common) with a balloon due at the end.

Even if you rent the house for $2,000 a month, you will still lose because of maintenance, vacancies, and the expensive mistakes common with newer investors.You can borrow up to 70% of the equity.

Or, what’s something you don’t hear discussed often that could help me avoid common pitfalls?

Multiple Dollar stores in the same area (we have a location where 2 are in the same strip mall...and both doing very well for a while now) I'm finding is pretty common. 

DSCRs will have slightly higher rates and they also carry prepayment penalties, which kick in if you sell OR refinance the property within x number of years; 3-5 years is common. 

@Kevin Waymire Asset management is something that is commonly an after thought.

I call it that because most commonly the listing agents call me and says "you mother f...." to me in response, lol. 

These are done between the buyer (you) and Seller.The situation that is most common to find these properties are in a foreclosure proceeding, or pre-foreclosure. 

And plenty of people wholesale mls all the time and get deals it's actually quite common.