Major kudos for getting out when you did and minimizing the damage.

I'm not really a private lender... yet) for a very short time and want to make sure I understand the calculations correctly.Amount: $10,000Terms: 30 days max (guaranteed 30 days worth of interest), 30 day extension if needed.Interest rate 12%Story: It's just a bridge loan in case the closing gets delayed.  

What you need to do:Create a contract for your agent to represent you and agree on the commission that you willing to pay.Have contract offers and deposit ready for your agentBe available to preview properties and to negotiate with the sellersTreat your agent well, give him cash for gas, buy lunch, stay in touch with the agent on a daily basis offer bonusesLater, if you work well with the agent, offer an equity positionTo be open to learning and using creative financing terms and clausesAware of how to establish seller financingKnowledge of Hybrid offers, delayed settlements, study periods and possession clausesI believe it is important to work with an agent who has your interest before his or a seller.A good buyer's agent can be a tremendous assets to an investor, a good agent can make you many thousands of dollars in cash flow and equity.Most agents are not trained to represent buyers, they realize that commissions come from sellers that have their property listed.

Sent from my Sony Xperia® Z1ˢ on T-Mobile’s 4G LTE Network---- Todd wrote ---- Very sorry for the delayed response.

Contractor will look at completely different things with me, like options for minimizing rehab costs, ideas/costs for changes to house, timelines, etc.  

Hi BP Community:Looking for proactive/preemptive ways to minimize the 50% rule to maximize your NOI on passive income properties.

Please see delayed financing for less than 6 months after closing.

But again, if you go to contract, and the sale does not occur before the bankruptcy filing, you are looking at some delay.  

Banks have new teeth too, for delaying a foreclosure by someone attempting to stall or say they are buying or whatever when they can't perform in the first place paying off the mortgage.

- Delayed a pre-xmas flight to see family by a day, to ensure a rehab & tenant move-in was completed successfully (see above – another tricky tenant situation I won’t go into here..) - Was passively hinted at being sued by one tenant, and explicitly threatened to be sued by a former tenant - Had 2 tenants cancel their leases early - Plunged someone’s crap out of a toilet in my Airbnb unit (never again!)