Hello all,I've been researching private money lending and I have a few questions for experienced private lenders:1) Are you requiring title insurance, and fire and liability insurance?

Especially for first time or entry level homebuyers...what is the point of 3% down if buyers will require another 2-3% out of pocket to cover their broker's fee? 

For now it's business as usual.Major cities, including Phoenix, Scottsdale, Mesa, Sedona and others, have adopted their own STR rules and regulations, primarily requiring operators to register their rentals.

Ordering payoffs and HOA docs also require time to process. 

If you are looking to finance the purchase and rehab, most hard money lenders will be able to lend to you as long as the total loan amount does not exceed 75% of the ARV and you can put 20-25% down on 1-4 units. 5+ units will require experience with several 1-4 units or 5+units 

BUT even having ALL the details in the listing..... requirements etc....

Cost of a new build will require a reasonable amount of money depending upon your location.

Their business model relies on deal flow, and that requires some conformity to what the secondary market is willing to buy.

You will need to disburse funds annually to each property LLC - but if they are all single-member LLCs this may not be required and only the PM LLC will need a bank account, etc.This is not legal or tax advice, so be sure to check with tax attorney and/or tax professional.

I will pass.( the LARGER the risk/ loan/cash/ time… the LARGER I require in likely return.)b) RENTAL …same INITIAL investment… at the end… property value ( ARV)..MUST be great enough to1) refi… 2) All cash out is back.. 3) Cash flows positive enough to build ( any situation) 6 month cash backup.4) Property MUST have enough equity so that if I needed to sell TODAY… I won’t lose cash.The above requirements “ appear” to be unrealistic ( todays market) … ONLY becausea) non mature / non savvy “ investors are climbing over each other to out bid on over priced “RETAIL” properties being marketed as “ wholesale deals”b) the Gurus and Real Estate Investor Associations are NOT doing their NUMBER ONE JOB… which SHOULD be…To..”