But in any instance, negotiate an option to extend the maturity date.

Hey Jason thanks for the reply I’m actually looking for this type of loan to do a fix and flip, also right now my credit is under 600 which kind of excludes me from the majority of lending options.

Check out these links:Here, here, and hereBut these aren't helpful as you are looking at options for unpermitted work, so don't expect leniency in not only approval for something the city is merely trying out, but also something that was already completed without any permit approvals whatsoever.My advice is to skip this deal.

We had the capital raised but the bank didn't like our liquidity position. 

I am seeing people investing in opportunities where they are in a second or even unsecured position and are targeted to receive a net 1-2% above a 1st position lien.For example,:Option #1:You receive a $50k first position lien $100k property - you are targeting to get a 9% return.Option #2:You are in 2nd position on the above deal and are $50k so 100% ltv and you are targeting to get 10%Option #3: you give someone $50k and it unsecured for them to go out and buy an asset and you are targeting to get 13%.I have literally seen several people over the last few days say they’re going to go option three because it provides the highest return.

A positive cash flow is achieved when rental revenue surpasses other costs such as the mortgage payment, which is the goal that some investors may even pursue.All the best!

Speak to them about their experiences and satisfaction with the firm.Look for testimonials or case studies that demonstrate successful investments and positive investor experiences.Evaluate Transparency and Communication:Assess how transparent the firm is about their operations, fees, and processes.Ensure they provide clear and regular communication about your investments, including updates on loan performance and any issues that arise.Analyze Risk Management Practices:Understand how the firm manages risk.

After, if the tests come back positive for lead, you'll need to get it remediated by scraping and re-painting. 

I am also getting 10k seller credit from seller, and could either use that one to buy down interest rate or just pay off the closing cost. the lender is giving me few option one with higher fund at closing and lower interest rate, and one with lower fund at closing with higher interest rate (about 0.2% difference) With the high interest rate right now, do you think it is better to do higher interest rate, and refinance later or should I just try to get as low as interest rate as possible and do not worry about refinance ? 

Oregon is also an increasingly popular retirement destination, for primary and second home buyers that don't need to have STR permissions, the options and areas to invest are robust, and there is even high demand for upgraded and updated furnished mid term rentals to help off set operating costs.