It's really prevalent across all facets of O&G and takes lots of discipline to be around it daily and not participate. 

He has approached me in regards to lending to him for a current project (already in the works, I would be buying out another lender who needs to cash out prior to closing).Proposed details are below:Purchase Price: $92,250Rehab Budget: $100,000ARV: $275k- $325KLoan Info: $70,000Interest Rate: 15% APR Term: 6 - 9 monthsMonthly Payment: $875 (Payment due on day agreement is signed monthly)6 Month interest: $5,250 (Committed interest amount, interest calculated on a per diem basis after 6 months)Daily Interest Per Diem: $29 / per day after 6 monthsMy question is, is this a good idea?

My wife and I have been looking at and analyzing properties over the last several months, we are looking to acquire our first 2 unit rental property with the goal of producing enough passive income over the next several years to enable to us to become financially independent from our daily jobs. 

Download (or order) the EPA booklet "A Brief Guide to Mold, Moisture, and Your Home".

Account ClosedYou are correct that you are going to have the interest for how many ever days beyond your last payment taken at a daily rate.Also, did you sign a funding agreement where they stated that there were backend fees?

Maintenance activities are those that you must do daily/weekly but they don't actually grow you or get you any further in your life.

The top of the market cycle is probably still a couple of years away and we have new jobs coming into our area daily due to Utah's extremely friendly business environment.

If you have just 1 rental vacant for 6 months, how will that affect your daily life?

Hi GlennTry this link for Atlanta.....https://www.law.com/dailyreportonline/public-notic...Daily report is a great source...good luck!

Learning daily of the loopholes people will use.