Showing them how to get double-digit returns secured by real property (1st position liens) is a skill worth cultivating.The education with which I'm connected has a Private Money (Self-Directed Retirement Plans) class in the beginner's curriculum.David J Dachtera"Success is not a destination.

I am very liquid but I am a professional poker player which makes getting a loan tricky since they consider me 100% commission based.

Bummer.Entered wrong digit about my credit card last time when the price was 75 bucks.

I'm not going to say any of the above comments are wrong, or that the experiences of the folks posting are invalid, but if you want that super top notch terms/fees/rates hard money loan, then your DEAL needs to also be super top notch, even to a vanilla randomly selected appraiser following USPAP.I've had many clients "graduate" from what I offer as a conventional lender into the fix-n-flip world that I do not really participate in, and the ones that got slamming deals back when they were working with me tend to have mostly (but not entirely) positive things to say about Lima One.So I guess the lesson learned is that if you absolutely 100% have a slamming deal, take Lima One's offer of a single digit rate and less than 2 points, and go forward with the application.

As for collecting rents...folks on here talk a lot about a few different free services - we insist on digital payments/ach/bank transfers and charge $25 if they want to pay by check.

I was delayed with COVID to start construction on the ADU, the City of Los Angeles Building and Safety Department has no system to issue and review permits digitally until at least 6 months after the pandemic hit.I live in the front house.

In instances where the borrower fails the house is typically trashed.If they continue to pay your yield is single digits.

I earn a double digit return and sleep at night. 

I currently work FT, however I'm debating on playing poker FT in a years time.

So you think interest rates will climb to double digit figures soon?