@Kwanza PriceCalifornia is generally more cumbersome than other states when it comes to taxes and filings.

We make loan at a total cost to borrower of about double what “A or B” risk borrowers would pay for  bank financingLoans are 1st liens, short term (12 - 24 months) at no higher than 65% loan to value.Hope this adds clarity 

It is usually first through a general auction and if it doesn't sell there, then it goes to the MLS.Keep in mind bank owned properties aren't always the best deals.

It's true, Banks and Credit Unions will not provide DU's as they are audited much more than brokers and lenders. 

I have uncovered more than a few 506(b) operators with 30+ yr track records, that for all intents and purposes, seem like someone I want to invest with, and yet their minimums are $250k+, sometimes $1mm+.

Hi, these look like pretty good terms - in case you want to read/learn more about DSCR Loans than you ever thought possible - sharing links to 12 full articles on DSCR Loans published here on BP to help and be a resource!

Also 5% seems low for a conventional mortgage… most require PMI if less than 20% down?

No different than many of the financial gurus, but this goes right into a deal!

Hi Scott,It seems like you’ve got a strong understanding of creative financing and investing strategies, but I do have a couple of comments and suggestions that could help you improve future deals.First, while your financing structure was incredibly effective, it’s crucial to always account for potential delays in renovation and build in a buffer for holding costs.

Again, thats a no brainer.Getting units ready for rent is much more time intensive than you think.