I’ve been chatting with a fund manager about our performing notes.He asked a question I hadn’t heard before...Would we be willing to buy any loans back if the borrower goes 90 days delinquent?

Chris,For non owner occ loans in CA or commercial loans if you wish to pool investors one way to do it is through a CA RE Broker who can legally fractionlize a single property into 10 or less co lenders as to thier % interest in said loan. 

Holding costs are alot on hard money loans. 

Carlos you could do a blanket loan or single asset loans / combination of both and/or sell some them. 

Residential contractors are called HIC or home improvement contractors in Columbus.

They will not work on properties that have a Hard Money Loan in first position2.

Does anybody know if my father can prove his income to a lender when I try applying for an FHA loan instead of my income? 

Yep, good luck with that right now... since they raised the min loan and min house value it cut off many of my exit strategies, and is a real challenge for attempting BRRRR in many of our Ohio cities. 

Hope things improve moving forward for you and in the grand scheme of things, $2600 loss I would just chalk up to a lessons learned and one you can continue to teach others about in the future.

Does anyone know of any lenders willing to do a bank statement loan under 100k?