Every normal checking deposit we make sweeps towards the balance, lowering the outstanding and thus saving us interest cost.

All you note investors out there, is any one aware of a state that allows attorneys fees or foreclosure costs to be not only added to the outstanding principal the borrower owes but also to accrue interest in their own right?

Your purchase time was outstanding so I suspect you will have significant equity.  

Look nationwide for CPA.

Hello @David Lao,Assuming Section 8 procedures are the same nationwide as they are in NY, the inspection and any follow-up inspections are at no cost to the landlord, tenant or agent. 

My company offers a 16K cap Nationwide and a 80/20 split.

Hi there-I'd love to connect and offer insight where I can.We lend nationwide!

Plaintiff served Defendant with a written notice on December 27, 2022 to pay the outstanding rent of $3,500.00 or deliverpossession, but Defendant refuses to do either.

Further, instruct them to immediately turn over all tenant Security Deposits; to cease any actions to modify, replace, or terminate existing rental agreements; provide you with copies of the existing rental agreements; turn over all keys in their possession and lock combinations; provide you all unpaid and outstanding invoices currently in their possession; and to provide individual tenant ledgers for all of 2022 and 2023 to date.

As a nationwide hard money lender I lend up to 80% of the properties after repaired market value but that’s only if the commercial or residential property is located in highly desirable area.