Quote from @Michael Challenger: I have no qualms with hard money lending, but I need to learn more about the process and structure to these for typical deals so that I am more comfortable and in a position to reduce my personal risk and risk to investors as much as possible.

I’ve noticed that in places like San Antonio or even Omaha, from what I read in Forbes, the best projects come from really tapping into that local network.What you did..approaching the owner, closing fast, scraping the old structure..shows guts and a willingness to get your hands dirty.

Once you have that amount of units (leveraged), focus on paying those off via snowball method.

I’m sourcing carefully and trying to approach it methodically, especially with the added layer of investing out of state.It’s good to hear advice from someone with experience.

They can advise you on the best way to structure the LLC and get financing. 

If you remove the structure beam it often is red tagged.

How would you structure this?

From there, you can move on to the BRRRR method with single-family homes—buying undervalued properties, rehabbing them, renting them out, and refinancing to pull out your investment for the next deal.

Once the disaster is over, someone from the lender will verify the structure wasnt damaged and then proceed with the funding. 

Structuring the DealWhat are some best practices when structuring a seller-financed deal with a partner?