If the person doesn’t lend the money to the brother-in-law then everyone in that culture sees that person as thinking they are better than everyone else and that they are turning their back on their people.The book explains that the poverty cultures isn’t just about being financially poor, but it defines it as having a lack or resources such as a support system, an education, emotional intelligence, physical capabilities, etc.

I understand conventional loans need to have a person as the principal not an LLC.

You will have to follow-up with them via calls, mail and in person a few times to get them to trust you.

I would love to hear back with any advice or experiences that you all may haveAlso, I would love to connect with some of you in person as well.

Finally, I’m not going to speculate as to whether or not you are as condescending in person as I have no basis to do so. 

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*This link comes directly from our calculators, based on information input by the member who posted.Hellow Investors, I'm looking to purchase my first property in NYC/NJ utilizing an FHA ...

It began as a persona residence then became a long term rental and then it became clear that in this area short term vacation rental are very profitable and if you stay within the confines of the regulations I think they can be fairly safe long term.

It began as a persona residence then became a long term rental and then it became clear that in this area short term vacation rental are very profitable and if you stay within the confines of the regulations I think they can be fairly safe long term.

Figure out if they are coming to you because other HMLs are saying no.Make sure that whatever contract includes an option for you to take ownership of the property for the value of money loaned + whatever the person put down.Make sure the property is worth (at wholesale prices) what is being suggested.Or,  just offer instead to pay the person a finder's fee and buy the place yourself if so inclined.Or,  find other HML's and offer to work with them for a while to learn the ropes and ignore this guy.Caution in any case.

Of course, this means that Airbnb ends up calling me asking me to give the person a 100% refund which I refuse to do.