Pros of Hard Money Lending:Speed and Accessibility: Hard money loans are known for their quick approval and funding process, making them suitable for time-sensitive deals where traditional financing might not be feasible.Flexible Terms: Hard money lenders are often more flexible than traditional lenders when it comes to terms, repayment schedules, and collateral requirements.

Waiting around for 2 years during which time the defaulter can pay the taxes and redeem the property isn't a route suitable for every investor. 2 years is a long time to just wait around.

This will help you narrow down your options and give you a clearer idea of the properties you can afford.Find an investment property: With your budget and target market in mind, start searching for a suitable turn-key property or one that requires minimal work.

I think it is true that California is pretty expensive and you may have a hard time finding a suitable location with that amount of cash.

I never lied to seller from the beginning- seller knew I was going to sell the purchase contract to a suitable buyer.

Additionally, it allows them to plan ahead by evaluating whether the property would be a suitable fit, such as ensuring adequate space for their current furniture, closet requirements, and so on.

. - these people sound really hard to please. i'd give them the happiness clause. it sounds like this unit has not met your needs since day 1; i'd like to offer to end the lease early if you prefer to find something that might be more suitable for your family. let me know if you'd like to terminate the lease on (last day of whatever month). and regardless, start being a hardo about the late payments. and DEFINITELY do not plan to renew their lease. give them lots of notice letting them know that you're vacating the building to sell. it's hard to argue that one. i feel like you kinda shot yourself in the foot keeping them this long when you could've just not renewed them after the first year.

And to finish the story,  no one was suitable until I saw the last person.

While prices are sky rocketing the rents are actually going lower, here are few samples:801 Clyde Ave, Santa Clara, CA 95054 | Zillow1828 Blue Spruce Ct, Milpitas, CA 95035 | Zillow1695 Jackson St, Santa Clara, CA 95050 | ZillowThis is one of the reasons why I believe Bay Area is not suitable for investors anymore.

Paying attention to active vs passive investor rules.Pay an attorney to draft up a FAIR LLC agreement for this...Read the agreement,,uderstand it 100%,,,,and follow it.Not all LLC agreements will be FAIR to both sides, and being taken advantage of by someone who would do that is something you should avoid.Which is why I say have your own.Have the LLC done, then find potential investors, then find a deal suitable to ONE investor and to you.