If you're looking for hard/private money I can tell you that most lenders would want to be at least in driving distance of the property if anything were to come up.

If you have the 80% LTC loan, keep in mind that the lender will likely require anyone with a 20% or more interest (that's going to vary from program to program/lender to lender) to guaranty that loan along with you.

I am working on a private lender for my first property and have been talking to Warren Fergane.

I intend to keep the property and recoup my entire investment + more.Here's a breakdown of the deal:Land Purchase: I secured the land for $200,000.Construction: The construction of this impressive 4-bd, 3-ba property spanning 1800 sq. ft. is estimated to cost around $600,000.Construction Financing: I've partnered with a lender, leveraging a construction loan disbursed in stages.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

As long as the lender is licensed in that state they can do the FHA loan.

The only problem was that I couldn't buy it in my own name (a complicated story, but there was no way for the underwriter to write for the property to be put in my name as the buyer) so i created an LLC with my father and I as managing members and got the funding for it through a hard money lender.

You chose your lender and you can also choose to find a new one, although it may cost you the deal and your earnest money. 

Once you’re finished with these guys, please leave honest google, yelp, other reviews warning others of those practices as many don’t read the whole contract, like you, apparently.

I am taking a loan of $280,000 but for some reason, the lender I am talking to is charging me about $6800 of lender fees in the closing costs quote that he provided, along with other overpriced charges that I have not received when I got a previous loan from a different lender in California.