My name is Lalo and I'm new here. i live in Astoria NY and  I'm looking to buy my first multifamily property with a FHA loan or something that requires a small amount for the down payment.

Most hard money work as follows:•Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

It's the law, but no, you can't garnish SS payments.Unlikely you can garnish a 401k either, or trusts, so would you feel the same way with that income?

So I dont think I would hold my breath for payments from anyone .. !! 

Trust me, I have some stories that ultimately cost me more money in the end.Message me anytime!"

You should never renew a tenant that damages your rental, is problematic with payments, violates the lease, etc.

Hey mate,Agreed that many PM's suck and it's very hard to find a good one.But I also believe that managing out of state is suicide.Do your best to control the emotions and to think smart in moments of despair 🙏Take the time in finding another trusted PM.Just my opinion.Much success.

Or use the heloc for a down payment but wait longer for closing.

I know an investor who has 12 properties and each property is in a separate revocable trust.

Two more reasons to stick with individual mortgages:* Liquidity requirements - Let's say you have 3 properties with monthly mortgage payments of $5,000 each.