What made you interested in investing in this type of deal?

I'm a residential loan officer and I have a client who is taking out a loan (not through me) to buy a wharehouse for their business. The lender is saying they need to set up a holding company to hold the loan and that...

Once you have strong prospects, initiate the refinance application and coordinate the closing as close to the target acquisition as possible.

I still wanted to be close to family and CA but didn't want to deal with some of what comes along w/ CA. 

Pro tip: Even though you can put no money down, you should be offering money down when you offer (even if it is returned at closing) so you have skin in the game.

this is a toughie. hard money specifically is equity-driven, meaning they'll likely want 40%+ down to even entertain the deal. additionally, land without improvements is often very inexpensive (relative to land with improvements), usually pushing below a threshold which makes sense for a hard money lender. if you're not intending to build right away, then i think you'll have the best luck with private money instead of hard money. usually higher leverages than hard money, and more negotiable terms.if you are intending to build on it pretty right away, a ground-up construction loan could work, but those will typically require some ground-up construction experience (on title on other ground-up deals), or an extensive portfolio of heavy rehabs/ rentals/ strong liquidity. those will give you acquisition monies (to buy the land) and build monies (to build the improvements).

Some rehab style lenders make it difficult for newbies to gain maximum leverage due to lack of deals done.......NOT US!

How did you find this deal and how did you negotiate it?

What made you interested in investing in this type of deal?

I own some rentals in Cleveland and Milwaukee and I am a couple of weeks from closing on another multi family in Wisconsin.