They are generally very conservative with these loans and want a strong borrower, good track record, compelling story, appraisal, and a qualified GC to handle the work.

With a good amount of equity you are covered even if you can't reason with the borrower and have to foreclose.

Try to get and keep some momentum going so that you are diversified across a few projects/properties to reduce your risk.A lot of people on BP dislike borrowing from family, but if you know people who are at the start of retirement, it can be a win-win for them to pull out some of their retirement savings and loan it to you to get a steady income stream back.

It seems logical - as borrowing costs increase, required returns increase as well to cover the additional expense.

Essentially you are borrowing the money for 15 minutes.Ned

Don't borrow it; Buy it.

There is no reason why you should not be able to borrow more than you put in if the value is there.

Question for investors who borrow from peer-to-peer lenders or private lenders for the purpose of buy and hold (I know Account Closed and Mehran K. and Dawn Anastasi have written/podcasted about these types of loans).

So unless the borrower gives you a signed authorization to speak with the lender (needed for a short sale), don't bother with the lender.Don't involve your RE agent unless the property is already listed on the MLS.

Its not like if they miss a payment you can foreclose as you know Canada is very socialistic so its pro borrower and lenders have to go through a lot in the case of a foreclosure..