Makes a lot of sense for a SD IRA/retirement account due to lower transactions vs a rental, you are buying the note at a discount, and getting double digit returns as a banker.

It's pretty much the same process as a new loan....initiate with banker, provide info, lock rate, go through appraisal process etc, close, get moolah.

I had been with my banker at that point for 12 years and I had strong partners.. although as we got rolling I got another 12 million LOC with only my PG.

Hi Devon,you can try John McClelland at Coldwell Bankers.

What do you pay your banker for a loan?

.) - 40% downUpen PatelMortgage Banker

The issue we ran into with this is we have put almost $80k into our house adding sq. footage, bedroom, bathroom, etc, and that was not reflected on the desk appraisal (even though I tried to explain this to the banker knowing inevitably what it would lead to). 

But this book has the potential to satisfy all the questions I've been harassing my bankers with lately hahaha.

You're a banker right?

So pick your market, network locally, go meet with the bankers, and get going on creating value in rental properties!