Find a mentor and provide value to them.

We're looking at a property and our loan broker has suggested DSCR.

Do you see Dr's / accountants etc. spending majority of their time providing guru courses or working?

He would take out the loan on a multi-family and I would provide the funds for closing and reno as he lives there for 2 years. 

I’m trying to understand the terms of these construction loans to build a duplex and choose the better option ASAP. 

I believe I have two options.Property Info:Purchase Price: $365,000Current Loan: $329,000Interest Rate: 5.7%Mortgage:$1900PMI:$130Insurance:$157Taxes: $320Current Rent Left: $1200 (Market $1400)Current Rent Right: Owner Occupy (Market $1800)1.

The owners do not have capital to rebuild this property My question is - can the owners negotiate with the lender on the recourse loan balance as the property will be demolished?

I decided to post my thoughts in the “Starting Out” category hoping to get your attention knowing there are service providers waiting in the wings ready to take advantage of your unfounded beliefs and further upsell you through scare tactics.

If you trust the provider and coverage is adequate - take it and run. 

Fund that flip is smaller, but also less investors, so at least the deals are not funded in just a few seconds.Both platforms suffer from some of the problems that pretty much all of the hard money loan platforms do: not enough volume for someone wanting to maintain a large portfolio, not enough conservative 65% LTV loans, too may loans and judicial only states (where it's extremely expensive and time-consuming if you need to foreclose which can cause losses), and single note risk (i.e not diversified).