The principal balance and all accrued and unpaid interested shall be due in 5 year(s) from the date of the note. 

The under handed marketing curiosity approach is not in the BP spirit of full disclosure.

question out of genuine curiosity and having it construed as offensive even though that was not at all the intent?

One case I'm familiar with there were unpaid taxes from 1919, yes 97 years ago, still due and accruing interest, fortunately the amount was small.9. 

BirdJust out of curiosity... is there any reason why you wouldn't choose to use the LLC?

In return private lender will receive a 1st position mortgage deed, a certified appraisal, title insurance, property insurance, and a personally backed promissory note with the following terms: 60 month term, 10% interest only accruing payments, minimum guaranteed interest 6 months (if the house sells in less than 6 months a minimum 6 months interest is paid out; if it takes longer than 6 months normal accruing occurs).

When purchasing a rental property, it has been standard for me to receive a credit on the HUD-1 for accrued property taxes for the time the seller has owned the property, but which are not due to the county yet.How should this amount be treated for income tax purposes?

If the Loan-to-ARV ratio will stay below 65-70%, some HMLs will allow the interest to accrue and be paid at the end (and the points as well), though likely these accommodations will necessitate the borrower having a proven track record for flips.

You need to know:Loan balance, including ALL accrued interest, fees, attorney fees, etc.Any other liens/judgments and back taxesCurrent FMV, as is

Hello All,As I learn more about Non-QM and the Investor options available from these lenders my curiosity increases for a few reasons.