Referrals are also a great way to borrow a trusted source’s familiarity with an operator, and this is something I have leveraged heavily with many of my investments.Track RecordThe most important item to consider is an operator’s track record.

He wanted to borrow our vacuum to do some cleaning and we refused to lend tools.

I can either save ~75k in the next calendar year (presumably 50k for down payment, 25k for rehab) and wait a year before beginning, or, is it possible (and wise) to borrow against my primary residence to get started now and keep the momentum going. 

Once the lender files the notice of trustee's sale the borrower has just 90 days to bring their loan current or pay it off.

Essentially, our Notes require the request to change payment address to be made in writing and submitted to the Borrower's address as listed in the Note by first-class mail or personal delivery. 

BORROW MONEY, BUY MORE!

This is, related to one of my consistent pieces of advice that I always give my clients:"work with the smallest lender that can do your size of deal" --Ron RohdeSo for example, if you're buying a $20 million property, you're looking at a $15-18 million loan, you probably can't go with a credit union, that's gonna be above their single borrower limits, they may not have the deployment, and they're probably just not gonna be as experienced, but you can go with a small regional bank, and so that's the lesson here, but don't jump to Wells Fargo or Chase if you don't have to.

That means either they cannot do conventional and FHA loans and are lying for some reason or they can do them and are licensed but are not showing it anywhere in an attempt to deceive the borrower so they cannot file complaints or read consumer complaints against them.Either way, very shady.

The Texas real estate contract is changing the verbiage for what is considered a 'cash' offer, eliminating borrowing of any kind (hard money lenders, private money, etc.).

@Jack Miller While it's true that the underwriting for commercial loans is more focused on the asset than the individual or the borrower, it doesn't mean that it's solely focused on the asset.