.• No entity to close in: Though an LLC/entity is not a must-have, it's a nice-to-have prior to seeking financing.

As an example, although we are “hard money” lenders we seek lower rate long term financing for our real property investments.  

It may be best at this point to just seek the guidance of an attorney to see what your options are moving forward.   

It's understandable that you're seeking to invest in real estate to secure your financial future.Background and Financial Situation:Given your circumstances of having $150k in cash from an inheritance, a credit score of 756, and a year of work history, you're in a relatively strong position to begin your real estate investment journey.Strategies Considerations:Out-of-State Investing:Investing in areas with lower property values and employing the BRRRR strategy can be a viable approach.

Readers should seek professional advice.

Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.

Hello BP - I am seeking advice and samples for move-out and cleaning instructions to provide my tenants.  

By uniting our voices, we can strengthen our case and seek justice for the challenges we have faced.If you are interested in discussing this matter further or if you are aware of any attorneys who may be willing to take on this case, please do not hesitate to reach out.

Hi BiggerPockets Community,
I’m exploring house hacking using Airbnb as part of my real estate strategy, and I’ve come across a challenge I’m hoping you can help me with. I recently learned that income earned through...

When I build the passive income I want, I will seek opportunities to present to groups on topics which are dear to me ... credit literacy, financial literacy, etc.