- There were some illegal practices going on a few years ago (and probably still are).

Not sure if this is a common practice but I would love to hear any imput.Thanks and I look forward to connecting with others in in the BP community.Brad

Though not formally documented, in practice our hard cutoff has been 2-weeks - where we will charge a half-months rent - but rarely have we ever given more than a week as a concession.

It's always good practice to shop around.

What is your opinion on this practice?

@Annette Hibbler Pre 08 paying the GC and trusting him to pay subs was common practice... as builders and GC's went down like fly's in the great depression.. many builders and GC did not pay the subs.. and this created all sorts of problems..

Are you familiar with "prudent lending practices"?

The most common options would be renting or doing a lease option/purchase -- but with a hard money loan, you'd be hard-pressed to see positive cash flow and you'd be forced to pay off the loan when it comes due.If you absolutely can't find a way to pay off that hard money loan, my suggestion would be not to borrow the money unless you were practically 100% certain you could either sell the place for a profit or you could bring the money to the table when selling for a loss.

Is it practical to find investment opportunities with that low of a capital amount around the same return rate as the primary investment?

I'm currently taking a real estate: principles and practices course.