The private lender just wants fire and theft policy.

BP FriendsWe have closed on our first investment property in Baltimore and can't wait to get started. 2 bedroom 2 bath ((we are adding a bathroom) 1200sqft. 30k cash purchase with a combo of line of credit and private financing.

I would really like to create an option for those seeking a private alternative to hotels, but is this a can of worms?

-Probably have to look at a private money lender for the $25k repair cost...

Example:List Price $124,000ARV $200,000All-in Target $140,000 (70%) Refi Loan amountRehab Estimate $30,000Holding costs $6,000 (Includes PML interest only payment, insurance, utilities)Closing costs $7,000 (Acquisition and Refi closing)Purchase Price $97,000 (MAO) PML loan amountSo in this example you have a Private Loan amount of $97K. 

I removed my last name, change location(which you have to have to post), do not index my name ( I think that blocks searches of my name), hidden email, because it contains my last name, and will make my "about me" more vague.Just searched my name and bigger pockets on internet explorer, and google. every post I had made.  

My 3 under contract are from a retiring landlord I previously purchased from who offered me more units via email.  

I'm new to the real estate investment world but plan on having my first deal before the end of March.You're welcome to attend, I receiced an e-mail about this meet-up group meeting in Katy.

Shoot me an email and we'll talk.

@Amy Fowler,I work with a lot of sales brokers in your area (I'm a commercial mortgage broker), send me an email with your parameters and I'll see if any of my guys have deals that match your criteria.