How does one know which ones are legitimate and which ones are scam? I saw comments about one hard money lender in particular and they were very bad reviews.

Sometimes I have seen naive people buying vendor lien auction for cheap and think they own the title when the big brother mortgage company is out there to foreclose it.

This is the strategy I came up with for funding a deal when I come across one...Option 1) Hard Money + Vendor Take-BackOne of the Realtors in my office runs a MIC (Mortgage Investment Fund) and said they would do a max 75% LTV loan at a rate of about 6% for 7 or 8 points and they will most likely want the 1st mortgage due to the amount of risk involved as I have never done a deal and am 20 years old.

One of the big benefits of a PM company is their vendor contact lists.

Protect your warranty if you're going to buy from this vendor.

We pretty much always end up doing landscaping, and it's more efficient for me to hire it out to a pro who has the right equipment and vendor connections than to try and do it myself.For example... right now we're clearing an overgrown lot that needed a bobcat just to get out the underbrush.

This will not provide evidence that the vendor has a sales tax account, but it will show if he is registered with the state and you can call the state and see if they have a sales/use tax account.https://mycpa.cpa.state.tx.us/coa/

Hello - new member, first post to pro.Can we ask specific bank/vendor questions here?

Some workman's comp insurers consider any 1099 vendor who doesn't have their own insurance to be under your policy.

If I used their preferred vendors, I was usually spending top dollar on these repairs, often with a $100 trip fee, and I would not be notified when the job was complete.