If it is a private money/ commercial style  lender, it is a relatively simple process.

Earning 50 k/year like he is, that would be 1/5 of what you make to pay it off.

Private Money vs Hard Money:Primate money is negotiable.

I was on BP Money Episode 325:  https://www.biggerpockets.com/blog/money-325For some reason the signatures in the Forum seem to assign random podcast numbers to past guests, I’ve noticed this with other people as well.

But some are getting more money in unemployment ($600 / week federal money for 4 months on top of state money) and then decreased to ($300 / week federal money) and still refuse to pay a single penny.

Are there americans who are making the numbers work?

Earnest Money DepositAnd if you want to cover all your bases, you can also consider saving for an earnest money deposit (EMD).

Use tools like AirDNA or Mashvisor to provide market data on projected rental income and occupancy rates, and make sure your lender works with appraisers familiar with short-term rentals.

You can't pull money out if there is no equity.

I've lost friends and family to substance abuse so it seemed like an opportunity to do some good and make money in the process.I negotiated a sweet deal, and was prepared to buy it myself, but a few of my clients expressed interest and I ended up helping two of them form a partnership.