@Mark HillWhen you do Subject to, you typically don't tell the lender so that they don't call the loan.

The owner of Latitude @Neal Collins was just featured on the BP podcast #291 too.

@Dillon SealHard money lenders typically only lend for short periods of time.

We are exploring a new daily podcast that features a panel of experts answering your questions about real estate investing.BUTBefore we can produce this show, we need questions!!!

Typically you need an exit strategy for any HML because you don't want to pay the points/fees for a long period of time, as that will eat into your profits.

Personally, if no windows, electrical, plumbing or structural work is being done I would just get it done.....typically no permits are required for that but theusually are supposed to have “some kind” of license...here in PB county it’s not just the regulated contractors (gc’s, plumbing, electrical, ac, etc) but guys just doing painting, Sheetrock, etc. .....not that it happens all the time of course.

Properties that are 1-4 units are typically sold based on comps, not on cashflow.

Typically a price drop or an improvement to the unit (or both) will get the trick done.

For example 10% down payment is very normal and setting up a rehab escrow for 95% of rehab costs is typical as well. 

The reason i ask is the most under-valuated risk is typically repairs.