I think hard money rates in the double digits is absurd for experienced investors.I just closed on a house while only putting 5% down; the HML funded 95% of the purchase price and 100% of the rehab (in reimbursement draws). 

He texted back saying “ok” and told me where to send the check. 5 days later he texted me arguing that the property was already in bad conditions and other false claims.What should I do?

He texted back saying “ok” and told me where to send the check. 5 days later he texted me arguing that the property was already in bad conditions and other false claims.What should I do?

He texted back saying “ok” and told me where to send the check. 5 days later he texted me arguing that the property was already in bad conditions and other false claims.What should I do?

All of my commercial apts are in multi member LLCs anyway, so technically not false. 

@Valerie Copeland there is a lot more to this, but the BP rules (2%, 50%, etc.) are completely pointless and are causing folks using these calculators to produce false financial pictures of properties.

Here is an example in the NC Bar disciplinary reports of what happens in NC when an attorney is caught "falsely indicating on the HUD-l Settlement Statements he created for real estate transactions that the borrowers in the transactions brought funds to closing when in fact the funds were provided by the seller."

I thought it was absurd that the tenant didn't want to sign the lease that they've been signing for the past 10 years.

If you present false information. i.e. the definition of a deal, in your "how to locate properties" I would certainly present differences. 2.

I'm finishing up a rehab right now and my contractor has really dropped the ball from a timing perspective (lots of false promises and missed deadlines).