Even though the mandate on Ability to Repay doesn't go into effect until January, it may be much harder to defend a new loan in court than it would be an older one if the husband stops performing because he is spending your money drinking and/or chasing women.

They do have unique problems that can occur and there are specific things to watch out for.You really need to nail down your numbers on repair costs because that is where it might eat up your money.

(I'm not soliciting at that point, I'm begging...)If I can already put that many people in a room and get half of them to write a $2,000 check just for a good feeling that they're helping others, a thank you note and a tax deduction - being able to repay their principal with a small kick of interest could certainly open up the pocketbooks of the other half.The ongoing logistics seem a bit more cumbersome - 150-200 individual investors need a monthly or quarterly statement and interest payment.

Listing agents have a very unique ability to come up with pro-forma sheets that always reflect this great "market" rent.

when you went with private lenders...what was your re-payment structure?

There is also a personal guarantee.The agreement is structured so that after a period of six months I have to make a "good effort" at either selling the property (and repaying them) or renting the unit and getting a cash-out refi (and repaying them).

Hi Per,What type of properties have you bought the last 10 years.I can't really answer your question without knowing what type of asset class you are looking into for investments.For example considerations will have commonalties among asset classes (retail, office, SFR, land, industrial, multifamily, self - storage, etc.) but there will also be many unique attributes that are key to look at for each individual asset class.This is why using specialist depending on property types is essential to not overlook things to analyze and take into consideration.

I was simply qualifying that it's not possible in many places and emphasizing that you have a fairly unique situation there in parts of the U.S.A. ...

Using legal methods and investment strategies unique tactics have been developed to unwind auction sales and even place the borrower in a "better" position than if the sale were postponed.

My situation is unique because I have one lung, and I have to get CT scans every 6 months and see my pulmonologist several times per year.