But high level yes, that is how hard money mortgage loans are going to work - if theres a default --> the path proceeds toward a foreclosure since these loans are at their base secured by the real estate

My property management thinks he is qualified based on just 4 pay stubs, employment verification and one screen shot of bank statement (just total. )when I ask my property management to ask that guys to show actual bank statements ( not screenshot of avail balance) and w2.my pm said, “it’s easy to find fraud using screen shot. the more I wait the more I loose.

Most insurance is based on replacement cost which is the estimated cost to rebuild the property in the event of a claim.The easiest way to get your questions answered is to talk to a knowledgeable agent!

The contract had that Assign clause (they stated that allowed them to list the property on the MLS).The only clause they have in there to keep extending is based on open of escrow- which never happened.

Amount of repair expenses/updates are determined based on property condition.

Hi there,I am Abhi and I am based out of the San Francisco Bay Area.I am new to the community and I am looking forward to connecting with and learning from folks in this community. 

As an investor based in Columbus, I can attest to the favorable conditions here.

Never used that rules nor any rules set by the gurus and somehow build up a portfolio that allowed my to exit the corporate world.I find those rules are an obstacles for my clients and slow them down from achieving their dreams.Its better to come up with your own rules based on your personal goals & strategy.

It's looking like we might need to play the appreciation game but the inventory here in Vegas for our loan amount is low.

I wasn't looking for a distressed property or seller as much as just looking for a deal that made sense based on my buying criteria.