I've read many other forum posts explaining how natural appreciation in Scranton is very slow but will cash flow nicely in the right area.

I think you need to sign up on Meet Up and RSVP: Tuesday, Nov. 12 Walnut Creek  at Rotator Taproom 6pm (short notice - it's tomorrow)Thursday, Nov. 21 Oakland at Two Pitchers Brewing Company (hosted by Tyler Jahnke of Kenji Capital)Saturday, Nov. 23 Tilden Nature Area, Berkeley hike at 10am (hosted by Tyler Jahnke of Kenji Capital)Thursday Nov. 14 San Francisco - Happy Hour/Networking at Alchemist Bar and LoungeTuesday, Nov 19   San Francisco - 100% Funding for your Deal (Sports Basement at Stonestown Galleria mall)https://www.meetup.com/bayarearei/events/304151177

Flipping or rental properties seem like a natural fit for you.

A good broker remains transparent throughout the process, providing regular updates on loan applications, lender responses, and any emerging challenges.

We can discuss the finances on this purchase (I will be up close to $1m on this after this rehab from 3 sources: 1) purchased below retail 2) value add 3) natural appreciation).  

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.

Costs have escalated sharply, water up 25%, electric up 30% and natural gas up 33%, and at one property insurance went up 400%.

I've regularly attended the auction in Brooklyn, but never bidded on anything.

This guarantor, who may be an individual or another entity, will be responsible for the difference between what is owed to the lender to make them whole and what has been recovered.If the lender makes the loan to an individual (natural person), this person is implicitly the guarantor via the note, and no separate guarantee is needed.

Yes our fund is similar in nature and asset class.