I use private lenders also and spent the money to meet with a Sec lawyer. you need to learn how to walk that line safely.When a Note gets close to maturing you can refi.the property (You pay all fees because you want to keep the property all your investor wants is his money owed and interest) or Sell it or what I do is I have a renewal clause.

I was recently shopping for a used fridge for one of my rentals, and I came across multiple people on Craigslist who were selling appliances (including ovens/ranges) that they told me they removed from their house before the short sale/foreclosure and were now trying to make a few extra bucks on.

Is it worth it to spend a few bucks to create a new LLC to avoid that risk?

We strongly suggested that he complete the remodel in the second house before listing it, and if so, he could list the home around $310k while strongly marketing the rental income from the second home.Well, he ended up hiring a flat fee listing agent to save a few bucks and here's what he got:1.

I wonder if most people that buy the programs don't go past listening or watching the first chapter, even though they paid big bucks.

I'm not a Banker or Mortage Broker But what they want is for you to show a track a history of loan payments and a mature loan, If you have been paying the payment with a check for over 12 months, you can bring in copies of the cancelled checks, which will show history and maturity of the private loan.

Use your time and mental energy to make the big bucks.

With your limited cash try to save up some more.If you only have 230 bucks saved up and you net 2,000 a month then you need to seriously look at your expenses and what are NEEDS versus WANTS.Eliminate the wants,sacrifice,and save up a down payment quicker in addition to paying down credit cards etc. to improve your debt ratio and credit score.Then find you a duplex,tri-plex,or quad with an FHA loan and live in one and rent out the rest to get going.You could also try to wholesale some deals to build a down payment quicker but that will be hard if your job keeps you really busy all the time.Good luck.Remember everybody had to start somewhere.Go ahead and take that first step.

Loan matured July 1 and the guy couldn't pay it off.

Spread it for a few weeks and no animal in their right mind will want to be on your lawn....That said, you can always try this:Property complexes step into DNA testing of dog poopHere's a company that offers the service: http://www.pooprints.com/I'm actually curious on the cost (you need to submit a form to get a quote), but if anyone knows, please share.If it is affordable, this might be a good way to make a few extra bucks from those tenants who don't pick up the pet waste.