Make sure to address the security deposit transfer. 

I am interested in using private lending to get my first deal done.

I have started to educate myself on hard money and private lenders and are looking to the BP forum to help me navigate to my goal.

I live in Texas and we are getting nonstop rain and there seems to be no end in sight in clearing up this situation.Now this is where things will get interesting I am a private investigator so I have an application that records all my phone calls. 

But if said bank notices and if they decide they have reason to, they could use that Due on Sale Clause to make a push for whatever assets are securing the note. 

I am still pissed I gave them my social security number to open the account without seeing the interface.I personally like peerstreet for debt. 

Needless to say, I messed a lot of things up.Some things I know for next time:-make sure to include security deposits credit and prorated rent credit in the purchase contract-make sure to keep all addendums that may be needed saved on computer for quick access-get all the necessary documentation for rehab funding from the contractor before going into contract on the property (my lender needed his insurance, workers comp, experience, etc. and I was not able to get rehab funded in the loan because the contractor would not send this to me and it was too late for me to find another contractor)-check that title has gotten the documents correct before they are sent over to the seller-take pictures of the house during the walkthrough for insurance purposes-check for flood zone early on -give yourself a realistic timeline for closing-check reviews on title company before choosing oneDoes anyone else have any recommendations? 

@Tony Rodriguez if you are flipping, you should be using hard money, or private money. 

A private installment note between two private parties (no banks). 

In that time I’ve got to secure more permanent financing.