Also, keep in mind that over here in Rochester, just about everything goes a decent amount over asking, especially in the suburbs.

If the borrower files bankruptcy, it is typically because they want to keep the home.

It’s also wise to discuss and prepare for all potential scenarios in a business partnership, including exit strategies.Communication: Keep potential and current investors informed with regular updates about the market, specific investment opportunities, and your overall business progress.

When Max purchased this property, it was with the idea of keeping it for longer and having it rented.

Even with just a few things to keep track of, it's easy for things to get lost or confused.

It will be easier and cheaper to obtain than Hard Money and you may be able to keep the loan for 2-5 years without re-financing which will allow the property to appreciate.

For example in my area we have Edison and it can get pretty pricey and rates keep rising.

Keep us posted on the progress! 

We have decided to start saving, 25k-30k a month (Advised to keep this in MMA's until we're ready to use it to minimize risk) or 300-350k annually, strictly for Multiunit property investing.

The insurer says that the CC on file keeps getting denied.The borrower is failing to respond to calls/texts/emails/letters regarding the situation.The mortgage that was signed/recorded permits the lender to recover any charges associated with the need to apply this type of insurance policy, but doesn't specify how those charges are to be recoveredIn this example, the annual premium for the FPI that I (Lender) paid is roughly $1000.