It also has a much lower ROI compared with what I had seen in many of the US markets.

However, they are not familiar with the process of being private lenders.

Find a lender.

First things first, you need to get pre-approved by a lender to verify how much you qualify for.

. $400/year to Dotloop, a platform that hasn't seen a significant UI improvement in years, to help manage my real estate agent transactionsLogins with 7 accounts across 4 banks (2 of which are also lenders), 2 additional lenders, 2 major credit card issuers, and a property management company using appfolio, and no centralized place to manage them all. 

It's like comparing fast nickels to slow dimes...you have to find your happy medium and what works for you. 

This mortgage is too much for me anyway and i feel i could use this money to eliminate hard money lenders in my flip business.

The payment they make goes toward November and next one December…Now as the lender you can also say “we are only accepting full reinstatement” which is November through April and if they send money you can send it back or hold in escrowThis is why a servicer and attorney come into play because I have seen people go to foreclose and prior to foreclosure accept one payment and in that state you cannot then foreclose.

This is not to say you cannot invest in other markets, but go try and build or own a multifamily building in boston, compared to miami compared to california.

Private lenders can get 12% pretty easily in this market.Hope this helps get your wheels turning!