She stated that she screwed up, and is terribly sorry, and not sure how this happened or how it was not caught by anyone....but that the loan product (Freddie Mac home possible) that they are using...went through everyone, passed underwriting, and then was selected for quality control and was noted that one of the home possible policies stipulates that: Ownership of other residential property The Borrower must not have an ownership interest in any other residential property as of the Note Date, or the Effective Date of Permanent Financing for Construction Conversion and Renovation Mortgages, except as stated below.

Hey community, I am exploring starting a hard money lending business and wanted to start a thread for all advice on the topic (including what not to do or tools not to use).  Does your state require licensing?  Did yo...

Try pitching your deal at a local Meetup or REIA, investors are always seeking quality deals.

Any tips or advices would be greatly appreciate.

The higher quality education you get the better connections you will have FYI.

from the purchase price and rent numbers, I'm guessing thus is a new build (less than 15 years old) house in an "A" neighborhood.so, with the young age of the house plus the renovation, it is likely that maintenance will be very minimal.I'm guessing the odds are good that the tenant will be higher quality.

(usually without local managers that "eat" my income).PM if you would like to get some tips on Out of country investing I will be happy to contribute.

Currently, do not have much capital but willing to work and learn all tips of the trade to get started.

So being upfront is a good tip.

Any tips on the best way to do this?