.· “In Pocket Deals”Essentially “Off Market Deals”, or Properties that you can purchase before they hit the open market.

A loan that is Secured by a piece of Real Estate PropertyThe funds are generally issued by Private Investors or CompaniesThe Borrower will receive Funds based off of the Property being purchasedThis is considered an All Cash Offer and TransactionTypically, the Length of Loan is a 12 Month TermA Hard Money Lender is an asset-based lenderClosing Times are generally 14 days or lessFinding ways to use other people's money along with your own is essential in Real Estate Investing, that is, if you want to be successful.You are giving yourself the ability to invest in properties you normally would not have been able to, or would have had to wait substantially longer before doing so.Depending on your Real Estate Strategy, the number of houses you can purchase and Flip/Rehab in a given time period, will determine how successful you are.

Will there be impact fees?

It is my understanding that the borrower gets a risk rating and each loan gets a risk rating and certain events can cause you or the loan be moved into a more or less riskier category and that that could impact how your loan is viewed and treated by the bank.When I asked questions, I kind of got the impression that the risk evaluation and underwriting criteria were confidential and not generally disclosed.

The length of the bath exhaust pipe can impact performance as well.

Cut out the non-essentials. 

Essentially inciting them to cancel.In our case it was saying Gatlinburg, Pigeon Forge, or Sevierville.

A couple of interesting listings went off market over time due to this reason.https://therealdeal.com/2020/03/20/coronavirus-cascade-how-covid-19-disruption-could-impact-multifamily-landlords-lenders/

It's essentially paid down to 193-194k total since then.

In areas that are impacted by snow, you should come up with a snow removal budget.