Their fee is 9.9% of the total amount we use (for this property we only need $30K so the fee would be about $3K, with typically 0% 12 month term, payments at 1%).Is this typical?

Here are the details:Property: Purchased in Windsor Ontario for $350,000 in May 2023.Investment: Renovations/ repairs and other expenses totalling $60,000 with a down payment of $108,000 (from HELOC) and $5,000 in closing costs.Current mortgage left is 244k.Current Issues:•Foundation issues requiring attention.

I have a duplex I'm interested in buying but don't have the cash $$$ for a down payment.

This could include new construction loans, down payment assistance programs, private loans, hard money loans, and rehab loans.Compliance & Legal Support: Does sponsors usally help you navigate the ever-changing regulatory landscape?

You should be getting an annual escrow review showing new tax and insurance charges and how that affects your payments, usually you can either send the difference as one payment or they raise your monthly payments to cover it.

I have told my manager that they don’t have to wait until tenants owe $3000.00  (almost 4 months of no payments) to evict them.

However after running the cost it would be a 25yr loan of $33,000 at 5.99% and the monthly payment would be $150. 

Drug his feet on getting together the $12k down payment but eventually came through.  1 month later has missed the first payment.  99% sure I'll have to foreclose on him. 

Required down payment is typically 20-25% depending on FICO, property type and level of experience. 

And there is zero equity buffer to protect your loan either, meaning the loan to value (LTV) is 100% which is super risky.I'm sure there are some that are confident in going this route because they know and trust the borrowers they gator lend to but people fail people they know and trust all the time -think divorce rates are low?