@Sam Sala Can you provide the update did you guys move forward, did you choose to go with other builders, if so who?

Choosing the right lender for a HELOC (Home Equity Line of Credit) can make a huge difference depending on your goals.

Last thing I'll say is a quote that stuck with me, "Choose Your Hard".

If you’re referring to the “newbies” with $10k to their name that watch a video by Pace and get excited and pay for joining, go out with their last $5k and do a sub to with a “desperate” homeowner without revealing all the possible consequences (because they are unaware of the consequences through lack of experience and lack of knowledge and or choose not to inform the seller) then I agree, it’s probably going to turn out badly for all concerned.If on the other hand you’re referring to a seasoned investor with excellent credit, significant cash reserves, who wants to add a property to their portfolio without going through loan qualifying, and can pay enough to give the seller “walking away” money because of the low existing interest rates and or, and is dealing with a informed seller, then I find nothing wrong or negative about the transaction.  

Owners who choose this option would likely be those who:1.

And he invested n different state/city simultaneously.If there're two syndications that can offer the same IRR , with conservative underwriting and integrated company , who would you choose ?

Each option has different implications, so choose based on your financial goals.

If they fail to pay, then you can choose to try eviction or just hold the charges until the end of their lease and collect it from their deposit.

Stop reading if you want.2) I couldn’t guess what “There is a 6 months of grace period before interest payment begins” means.3) They call their $3555 charge a “Loan Fee,” stated a few lines up as 2%. 2% of $235,000 (loan amount) is $4470.4) Do you seriously believe the loan fee, “… IS 100% REFUNDABLE IF THERE IS ANY DEFAULT FROM THEPART OF THE LENDER OR IF THE BORROWER CHOOSES TO TERMINATE THE LOAN.”5) It’s okay to pay an appraiser directly.

A few reasons I choose to bank with them:-Very easy to set up business bank accounts under my LLCs-Option to create virtual accounts under each LLC.