Don't use it for a down payment or you will quickly find yourself in the exact same situation you are now.

I learn quickly especially if I’m interested in what I’m learning, which in this case I am.

Hey, thanks for the quick replies and I’ve looked at my options from private lenders like lendingone however they said that a loan that small would usually be done by a hard money lender so that’s an area that I’m researching at the moment.

It sounds like the PM was trying to do a quick, lower cost job to save money, and while it didn't meet your expectation, I feel it could have been prevented with better communication.

Leverage is a force multiplier: It can move a project along quickly and increase returns if things are going well, but if a project’s loans are under stress – typically when its return on assets isn’t enough to cover interest payments – investors tend to lose quickly and a lot.As a general rule, leverage should not exceed 75% of the total property value, including mezzanine and preferred equity, because both of these types of debt sit ahead of common equity in payment order.

Each unit has potential to bring in $600 per month.Also we are closing on the 8th of April and want to quickly find a good management team to work with.We're eager to get some advice!!

When I acquire an off market property at a good price and want to move it quick, before I even give the public (or even my large private buyers network) an opportunity I look into a shortlist of buyers I have a strong relationship with.

The reason is for the PMI removal Purpose, they want to do a quick 10 mins walk through the unit and take pics.

so real quick....1.2 Mil all in, what's the place worth after you rehab it?

in reality, an agent can take a quick look, and send you pictures, if its not already pending by then, and you can get an inspector during the DD, to give a report, but getting a licensed contractor during your DD to give you estimated repairs needed, is not a simple call just for them to go over there..