If you own more than 20% of the entity when the loan is obtained, most lenders will likely require that you PG the note.

If you tell them their credit score is too low (or some other reason) and somehow you obtained information that is inaccurate, then there is the potential to cause a legal problem. 

I also invest in other assets such as stocks, and private companies as well.

Hey Diandre,Are you looking to bundle them together and do a cash-out portfolio refinance, or are you wanting to keep them as single assets and refinance them that way?

I'm passionate about real estate and how utilizing this asset class can enable me to build generational wealth and retire early.

Make sure any renovations comply with local regulations and obtain the necessary permits if plumbing changes are involved.

I like the asset class IE not C class in the deep south.

But, it’s not a business because even if successful, you don’t own the underlying asset, so unless you grow very large you have nothing to sell.  

Earning potential and cash flow seems like it would be easier to obtain if the numbers are right.

I'm an asset-based (hard money) lender from Atlanta with an extensive 15-yr background in residential and commercial real estate looking to learn more from the BP community and how I can help those that need investment financing.