But, a non-favorable catch is the requirement that Hometap becomes your financial power of attorney over the asset, in the event of default or a breach of contract where they can transfer the deed of your home, and or sell your property without your approval(cost, fees, time)Below is a situation I'm trying to evaluate.

Piggybacking off of #3, you will receive favorable scheduling and complete your projects quicker.If you are wondering if you have adequate site cleaning built into your construction budgets ask yourself these questions: 1.

Hindsight is 20/20 as the saying goes, but this another example of a hard money lender doing the borrower a "favor" my not requiring title insurance.

Given that the house is paid off but has $27K in back taxes, you could offer to cover those taxes upfront in exchange for favorable terms on the remaining balance—like low (or no) down payment, and small monthly payments.You could also negotiate for a subject-to deal where you take over the property subject to the taxes, while still securing control of the property for your BRRRR strategy.

Instead using the tax to work in your favor to purchase larger nicer property/properties. 

They will pay more and stay longer.Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO.

Does anyone have insight into specific investment strategies or markets favorable for beginners?

If I look at other more favorable markets (better cash flowing deals) then that could be a place to deploy OPM.

The seller needed to close quickly, and we were able to negotiate favorable terms to make it a win-win transaction.

The 4.75% ARM could be refinanced into a fixed-rate mortgage for stability, especially if rates are favorable.3.