And some of these left HML in a tight spot borrowers could not access their draw money.. this happened just recently to Fund that Flip.. and their borrowers I know i got a call from one of them that was owed 300k in draws that was not coming.

Don’t forget heloc, DSCR, 2nd on primary, borrow from retirement accounts, credit card cash advance, property reserves, home improvement store credit, etc etc.

If the borrower is seeking a construction loan, I would say loan administration is of utmost importance.

I have made contact with a handful of homeowners, so some of the results are valid & get me to the person I need to connect with - however the borrowers I cannot contact are an issue, as it's a sizeable amount of results I get back that are uncontactable (No skip available, wrong # or out of service).My question to the BP community is - what program/software/company do you guys use for skip tracing?

However, I suppose it depends on your situation.I know some people who borrow from their 401k or use an IRA to pull from.

Here you would continue to find borrowers and fund loans with your own money.

If there are two borrowers, then of course if a POA is used it would be limited to one borrower...If both borrowers were available and/or decided to attend they would both sign the loan and therefore no POA.2.

IE - it's more a question of borrower pedigree, not necessarily loan size.

(in terms of pros and cons).You can also use rentals to provide additional borrowing power if your rental currently cashflows from a tax perspective.Hopefully that helps your scenario advance forward in terms of what to ask and think about.

And the Solo-K would enable you to borrow $50K from the retirement balance to use as you please.