Looking at what we have last evening I think (if possible) we would like to borrow $463,000.00 (approximately) and consolidate all the mortgages except our personal residence in the llc's name.

., which would be effectively like borrowing the money with zero points, albeit fairly high interest.

Obviously, the loan portion of the equation is a dollar amount you borrow.

Again, being creative allows more ways to try and make things pencil out, but it doesn't change the basic tenets of purchasing price, borrowing costs, etc etc etc.Those are all just sums of math that you would need to crunch for any scenario.

how do i generate these professional and qualified borrowers?

Under what circumstances would a balloon loan benefit a borrower?

You can borrow it, bring a money partner, etc.You can even birddog and wholesale properties to help you build up some cash.

This is the same guy that asks for money up front, then two days later needs to borrow $20 for gas and food because he hasn't eatin in two days. 2.

Based upon the definition of a hard money loans from wikipedia, it is a loan that is secured by the real estate and not the person borrowing the money.

., at a interest rate higher than 15%.)As EIGco mentioned, if the borrower doesn't pay or doesn't pay off the note at the expected time, you take the property.