There are a few states, GA I believe is one, that has loopholes big enough for a birddog to walk through, but the intent of licensing laws is to regulate who presents RE deals to others.

I now have connected with 50 people I had no clue existed before I joined BP.

You said:The engineers report seems pretty thorough, it just doesn't specifically say whether or not I can put on a second story.So you have no input from this report as to whether or not the existing structure can support a second story.

When I brought it up, she said that Hard Money Lenders are virtually non-existent now.

@Daniel Cruz Seller financing with no recourse has been the best way for me to find rates that work.Acting as a lender and originating a loan at 12% for 12 years is most likely unsustainable by most properties so you may need to look at acquiring existing notes at a discount.

I don't think banks will ever get in te trouble they were in before with all the regulations.

Hello,I am in the very early stages of talking to a couple of different property owners about the possibility of buying their existing rental properties and them carrying part of the total purchase price as a 'second note' (assuming other lenders would only want to lend in the first position.These properties range from 6 to 8 units owned free and clear, a 6 unit with about a 40% LTV loan on it, and some single families that range from free and clear to 80% LTV loans.These could be done in a SDIRA, or not, depending on the benefits to each way.

A reduction might be better as you do not know the standard of repair an existing seller will use on a property.

You never know how the sheets will be split between parting partners.Avoid potential issues, hold all major players responsible, enforce terms jointly and severally, take the position to collect amounts due from the most economical path in a timely manner.It's prudent lending practice, failing to do so is poor management identified by regulators for insured institutional lenders if major players are not held responsible.

@Joseph Tarallo , I simply went into the bank where I have mortgages and asked to apply for a line of credit on a rental that had no existing mortgages.