Hi, I'm a looking to network with any private lenders who are local to Northwest Ohio.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

In a different area in the Panhandle, If there 300 beaxhfront two and three bedroom condos within a 1/2 mile then they may pull $60k while a 5 bedroom with a private pool 1/4 mile from the beach might pull $225k while purchase price is only 20% more and no hoa fees.5.

squatters are in for a rude awaking .I posted about what Las Vegas has allowed to happen to squatters  IE using private security to boot them out military style.

Obviously there will be other items that come up but it's a good outline to start.AddressPurchase PriceDown Payment (20% if HM)Loan AmountRehab Cost Est Interest Rate# Holding Months Homeowner's Insurance PolicyOrigination FeeDocument FeeHOA Fee if applicableProperty TaxesTitle - Lender Title InsuranceTitle - Owner's Title InsuranceTitle - Binder Fee - Buy SideTitle - Binder Fee - Sell SideTitle Messenger FeesRecording Grant Deed - Buy SideRecording Trust Deed - Buy SideRecording Fee - Sell SideStatement Fee - Sell SideEscrow Fee - Buy SideEscrow Fee - Sell SideSub Escrow Fee - Buy SideSub Escrow Fee - Sell SideLoan Doc Signing ServiceMonthly Int Only PaymentNHD Report $99Utilities (Electric, water etc)Owner's Title InsuranceTransfer Tax - Sell SideHOA Docs Order if applicableHome Warranty $500Agent Commissions (4-5% of sale price)Wire Fee $25 per wireFiled Articles of Incorp for LLC (if creating a new LLC)ARV #Minus Down Payment Back (20% if HM)Minus Rehab CostMinus Holding Costs, HM FeesMinus Realtor Commissions (4-5%)Net Profit

Some DSCR lenders will go down to a $75K value and a $50K loan amount.

@Indrani PeytonRun away- no legitimate lender would give someone a $400k loan on $27k a year

The best comps are: - sales in the last 6 months (last 3 months is optimal)- within 5 miles- same bed/bath count- similar square footage-similar condition (new build, recent rehab, average, good, etc)This is what your lender/appraiser will mainly look at when determining the property's value.

My only contact with her has been through private message on Facebook.

Or if you wanted to run a real business, becoming a private lender would clean up, but it's a lot of work.