I'd like to know about the number break down, risks/rewards, how to find investors that lend, how to find properties that both sides can be happy about, how this method compares to other low/no money down options, timelines, legal, etc...If anyone has any book or website recommendations please let me know!

Hi all,I am Joe, starting a business as Commercial Lending Broker.

I locked a property up under contract through a realtor, opened escrow with earnest money, but then I was unable to find a hard money lender to lend on my deal (even after extending the close date twice with an additional $1k each extension).

Some very basic principles are as follows: 3-month LIBOR rate measures the rate at which banks will lend each other money.

Does lending money at 0% become an IRS issue?

If they are separate LLC,s of course one can lend,buy,or sell to another.

If yes,there is a better way to handle this mess.Have them refinance the house for the most the bank will lend them and rent the house to you and whatever roommates you can scrounge up.That way you still have a place to live,they have enough money leftover from paying off the current mortgage to move to Timbuktu and the roommates can pay most of the new mortgage payments every month.

You can look at hard money if you have a good enough deal - some I know will lend up to 75% of project cost on distressed property.

If that isn’t feasible, I would look for a property manager that has the Certified Property Manager (CPM) designation from the Institute of Real Estate Management (IREM).

If that is the case most local lending institutions will loan you up to 60% of the value of the property without too much hassle.