This is how most hard money works now Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

What would you say is the most important thing to do for someone who is new to the business?

It's tight and if you didnt execute your business plan, your staring a cash-in refi or sale square in the face. 

Business Lines of Credit are a different thing than a HELOC.

When you start with the end in mind, you have the advantage to look for a repeatable business model as opposed to what most noobs do: looking for unicorn as their first deal.

Curiously, if an investor has LLCs with business credit such as credit cards, LOCs, etc. when the lender pulls the borrower's credit do they also pull the LLC debts to calculate personal "net-worth" or do they just use FICO data, etc?

I am interested in learning a high level view of what these look like from an org structure standpoint, as I understand the gist of the business strategy in general.

I just got Chase Business Ink. if you spend $6000 you get $900 cash back (not sure how long this offer is) and 1.5% cash rewards on purchases. 0% APR for 12 months if balance is paid off by then. 

Some years back I sold a business.

I've had a great interest in real estate since my high school days in NYC, and it all started with the love that I have for reading different types of business books.