Quote from @Mark S.: @Jeff Schemmel Politics,anti-landlord sentiment and taxes.

Hey, hey Mark!

Here are my numbers at a glance for the 2 year mark...TOTAL NOTES: 251ISSUED & CURRENT: 175 (all $25 loans, A-G grade 6-28%)FULLY PAID (PAID OFF EARLY): 37 (my experience is this randomly happens, all grades will pay off loans unexpectedly. not a bad thing, just an observation)IN GRACE PERIOD (LATE ON CURRENT PAYMENT): 3 (ALL D GRADES, received payments equal to about half of original loan currently)LATE 16-30 DAYS: 0LATE 31-120 DAYS: 7 (D,E,F,G grade, 6/7 have paid about half, 1/7 is 2 months into loan(C grade))DEFAULT (IM PROBABLY ABOUT TO LOSE) : 1 (D grade)CHARGED OFF (I LOSE) : 28 (received between $2.50-9.50 out of my $25 before they charged off.

Hey @Mark Go might be able to give you some advice and point you in the right direction, feel free to PM me

I've been fortunate so far and have only missed the mark are some repairs (HVAC was a fun one).

-Mark

Score driven.Construction loans.Dayton Capital http://daytoncapitalpartners.com/ Hard Money Property Loans1-4 residential units (incl condos, townhomes & PUDs)Loan-to-Value: Up to 90% of purchase priceWith Rehab: Up to 75% of After Repair Value (ARV)Transaction Type: Purchase or refinance Rehab Holdback: Up to 100% of purchase price (depends on scope of construction)Interest Rates: As low as 7% (varies based on LTV & experience)Origination Points: Not to exceed 4 pointsLoan Term: 6 or 12 months Rate Type: Fixed Rate, Interest Only Loan Amount: Up to $1,000,000 ($50,000 minimum) Prepayment Penalty: NoneJ unk Fees: None, legitimate 3rd party fees charged at cost with no mark-ups Closing Process: 10 business days from completed app.

Originally posted by @Mark H.

Originally posted by @Mark S.

Check out Mark Kohler on YouTube he is an attorney and cpa and provides advice on the advantages of an LLC.