I received that information through another channel as a partial explanation for why companies omit these items from their ROI illustrations.

Okay hard money pros...Scenario:-A fully licensed real estate (deeds...not money) broker in California wishes to make hard money loans at very high interest rates in trade for aggregating money sources for fix-and-flippers and providing the fund apparatus where they can pool investors' money-The broker/lender inserts a choice of law provision in the contract stating that the laws of California apply-The broker/lender loans on projects in other statesI read in other posts that people have received advice from attorneys stating that the choice of law provision somehow "imports" the rules of Cali and allows one to lend at usurious rates.

While I am no expert, my understanding of the SSI program is that once you are approved, you receive payment back to the date of the original application.

Water is expensive.My lease says any money I receive is applied to what I'm owed other than rent first.

As a hard money lender we receive calls from wholesalers fairly often.

Apparently there is an affadavit that states seller or purchaser cannot receive any funds from the commission.

If the Premises fails to appraise for the purchase price in any appraisal required by the lender, Buyer has five (5) days after notice of the appraised value to cancel this Contract and receive a refund of the Earnest Money or the appraisal contingency shall be waived."

Antonio,You have received a lot of valid responses but what everyone is saying is that you need to know your market.

After a few days of the letter being sent out, my attorney received a letter back from the sellers attorney stating that I should back off and that the contract was not enforceable because supposedly the seller was not in "capacity" to enter into a contract at the time of signing.

There is no feedback that the PM received.