And then you need to be actually able to pull the trigger on purchases in that environment.

People will purchase them through a bank, but they cannot transfer the property to an LLC for fear that the transfer will trigger the acceleration clause in the mortgage.

the rental market analysis  is around 1200 on. the low end.... and the lease isn't done until march 2023.. with this being my first deal I am hesitant to pull the trigger on  a loss of 294 a month.  

A sale will trigger a tax event, and his cash will shrivel and die in a savings account earning less than 0.01% with inflation over 8%. 

I don't think there is ever a "perfect" time to buy, so at some point, you'll have to convert your research and studying into action and pull the trigger.

Hi Leslie,Keep in mind before you pull the trigger on a hard money loan, you have other options. 

But then again, almost ANY electrical work of consequence is going to trigger some things like requirement to bring everything up to code.

This has triggered me to get some skin in the game and start to look at investment opportunities.

You have a buyer/borrower with 0 of his own money in the deal; you have 100% leverage; you have a 1st position lien that’s not  “arms length”, increasing the likelihood of the seller and buyer getting together to do a “friendly” foreclosure and wiping out the 2nd lien holder; and you have all the alarms and triggers going off when a property buyer attempts to borrow of finance the down stroke.A more likely financing possible scenario would have the buyer giving up ownership equity to a money party.  

For myself, I’d like to start with flipping 3-5 properties and then transition to BRRRR, but haven’t pulled the trigger.