What’s the biggest red flag you watch for when vetting borrowers?

fix and flips are the vast majority of the targets for private lenders.

Hey @Eddie Miretsky, I am in MA myself, but in the Northshore area.

Should I drop the price to 1700?

I haven't read Tax Free Wealth...yet! 

I'm particularly passionate about short term and long term rentals.Outside of real estate, I enjoy the beach, reading, working out, and hanging with my family.Excited to learn and connect with you all!

If I go through with the DSCR refi the rate jumps from 3.25 to 8.5. 

also, most commercial lenders will not be happy with the idea of you living in the property. 

If they wanted to send a hard money pre-approval for half of the purchase, then either A) the lender needs to confirm that they verified the borrower possesses the remaining cash to close, or B) the borrower needs to show proof of funds for the remainder.

One upside to me would consistent rent scale, meaning if you upgrade one unit early, you set the table for all of the units when done because they are all the same.