I just need to make sure it’s at a comfortable amount on the withdrawal without feeling over extended until enough passive income is made to offset the withdraw.My son and I have been driving for dollars around the Central Valley and east bay areas and have sent out roughly 40 yellow letters to date all while still searching to try and increase our prospective % ratio and gearing up to try and make that happen when we get our first prospect.Can this BRRRR strategy still work on pre-foreclosures?

Based on the portion of the rent payment, we are hesitate to extend the new lease.

Has anyone ever extended significant credit to them? 

you might also consider buying an extended warranty...

I’ve communicated to the tenant that the grace period is in place as a convenience not as an alternative to the due date of the 1st and yet it’s still an on-going occurrence.I’ve been trying to figure out how I can give incentive to getting the tenant to pay their rent on the due date while allowing the grace period should a real emergency come up followed by a late fee should the extend past that.

Hi Guys, Has anyone found a bank / credit union / portfolio lender that is willing to refinance or extend a HELOC on a non-owner occupied residential investment property that is held in an LLC?

Most have lots of hidden fees and won't extend if you need it.

Kenny, thanks I am actually an property owner looking to help out my wife's extended family with their rentals.

If the deal takes longer then you expected, or permits end up being required or any other type of delay, that could lead to the hard money loan needing to be extended which gets expensive quick and would immediately tack on unnecessary stress. 

My extended family does not have the skills or business sense= not great with money.