Hi Everyone, I'm eager to learn from experienced professionals in the Hard Money Lending space.

You need to make sure that how the money is collected is 100% collected prior to them putting a single door in the door.  

I offer to purchase the home for a discount equal to the expected cost of PITI plus repairs/maintenance for the life expectancy of the homeowner, plus a margin for profit.I have the option to refinance the home to pull money out of it after purchase to finance other real estate deals.

Slightly different, but I used to have a money partner that provided all the cash, and I did everything else.

After some rentals, flips and wholesale deals I landed on private money lending.

RESI agents have to focus on marketing themselves first and foremost becasue in this market listings are money in the bank plain and simple. 

They think wholesalers are making too much money and stealing clients.It’s already illegal in Oklahoma, Illinois, Philadelphia.

Personally, I would eat the money up front to get someone on schedule asap and work with either the bank or the seller for a credit at close.If there is roof damage, that would be an insurance claim on the current owner's policy. 

The question you should ask is how much money I will make if I invest $25K in this deal. 

Contact the CS Outsource answering service team that does our late-night support.They help with 24/7 emergency support, overnight coverage, troubleshooting issues, dispatching approved vendors & local staff, tracking and managing maintenance work orders, and other back-office tasks.