Hard money: “The Pros and Cons”Pro-All CASH Transaction-Quick Closing Times (<14days)-All “Rehab Cost” are covered in Loan-Lower Leverage for Buyer and more Liquidity-Flexibility to buy Distressed and Value-Add Properties-Loan based on Property and underwritten so Borrower is Profitable-Does not show up on Credit Report-No “DTI” (Debit to Income Ratio)CON-Higher interest rate than Bank-Shorter Repayment Schedule (<12 months)-More conservative evaluation of the Property’s Value-Not doing your research and working with a “Bait and Switch” Lender (check out our post on this)Real Estate is one of the most dependable and powerful ways to grow your wealth.

We just stopped contributing to it monthly to start having more liquid funds, which was $550/month.

Not to mention the fact that the market conditions are changing and they're likely to want to liquidate this thing.

Originally posted by @Lynnette E.

Hi @Melanie E.

Hello,I am currently looking at two SFR as my first purchases in a seller-financing deal.I don't have that much $ as the private lender I was working with backed out.Approximate value of the properties: 100,000-120,0002 bed 1 baths. 1,080 sqftage of roofs Unknownexpenses: 575 - $702 583 - $793Taxes: 575 - $1,938.85 583 - $1,463.98Insurance: 575 - $302 583 - $240Lease Expiration 575 - June 30, 2020 and 583 - October 31, 2020Rent: 575 - $950 583 - $880Appraisals: unknownHow do I structure this?

Hi all, i just purchased a duplex in Sherbrooke Quebec. there are currently two tenants in the building, one on each floor. before signing, i received written agreement from one of the tenants that they would leave once their lease expires. my plan is to move into where they are currently staying and keep the other tenant, or if the second tenant also leaves, find another tenant. but i definitely want the tenant who agreed to leave out, because they are dirty and late on their rent.i'm just wondering, is the written notice that they gave enough to force them out if they decide later that they change their mind and wish to remain?

Because my policy expires in August and they are making it match.OMG !!!

I have an opportunity to purchase 4 additional properties from a fellow investor that has recently turned 80 and is ready to liquidate.

Line of credits given Usually as a multiple of your liquidity , checking, savings , Iras etc.. (10x, 8x etc) Usually 80/85% LTC with a 3 week set up time 12 -24 month line open with a 12 month term per draw on the line.