I need to pull out about 100K from my personal residence for a project.

But I've found that making time for hobbies can seriously make a difference in how I perform.💼 We're all about putting our best foot forward in our careers, but let's be honest: burnout is real, and it can really mess with our heads.🎨 That's where hobbies come in clutch!

Here’s what typically happens when investment loans go 90 days into default1- loan is placed in “non per forming category”2- non payment information sent to credit bureaus, and borrower shows “90 days late”3- Fair Issac credit score drops 150+ points4- credit requests get denied, credit available is at rates 5 points higher than before5- notes are accelerated by lenders6- legal fees are added to principal balance owed7- the lender accelerates the loan8- interest rate is increased from the current Rae to the “default” rate9- late fees are added to the principal balance 

Obviously numbers always matter but it's always important to factor other things in i.e. performance of the property long term w/tenants. 

Depending on what your call list consists of you'll have a harder time finding info on the person.

Personally, I like to run every deal through an easy back-of-the-napkin test before even pulling up an actual underwriting model. 

Not performing on a transaction and basing your business model on this is ripe for being a Defendant in lawsuits.3.

Not here to defend anyone or point fingers but we have had many unsatisfied investors over the past 10 years.Most will buy 1 property and expect miracles.It takes a larger portfolio to make it more stable and more cashflow profitable long term.Owning 1 or 2 properties can always be a hit/miss.Owning a larger portfolio should over time perform better "year after year".Just my opinion based on PM data that we see on the back end.Much success

I’m helping her out because she lives out of state and obviously can’t open in person an escrow account.

😜)Sometimes the money I bring may be enough to buy the whole place, sometimes it will be the deposit, but in either situation it makes it real.Second issue, Fear.The biggest fear I always encounter is the fear that the debt owed against the estate will somehow attach to him/her personally.I find articles from attorneys that most closely meet their situation and while explaining to them that, “unless they personally signed for the debt, they will never personally responsible for the debt.”