I have referred a loan out of state based on NOI, cap rate at purchase, room for increase income and purchase price vs market value.Maybe I didn’t articulate the intent of the post as clearly as I hopedFor anyone who has bought multi family out of state, “what are gives you the warm and fuzzies about a deal”:Obviously not cap rate, but maybe vacancy rate,  Cash on Cash ,GRM, IRR, Unlevered free cash flow, Cities over 250k?

Much more than a forum answer post can hold. 

It’s clear that the evolving market, especially post-GFC have shaped your perspective, and you’ve outlined some valuable points about the flexibility and challenges of private lending.The flexibility in ARV and LTV is such a huge advantage, especially for investors who might not have traditional financing options.

If you ever see someone offering terms that are too good to be true, you might as well just post your SS# and banking information on IG.

An example would be no custom showers like the one in this post and using tub/ shower inserts instead.  

This is very uncommon, though I see folks posting about HELOANs for investment property.  

Keep us posted and good luck... 

Hi Al and good to see your post.

@Benjamin CarverThat was an OUTSTANDING post.

Check out all of the helpful forum posts and resources on here relating to Cinci real estate.