In addition to taking 6-9 months to close, they are also subject to (i) annual audits, (ii) annual REAC property inspections, (iii) recurring annual MIP payments on top of your interest rate, (iv) large initial deposits to the replacement reserve, (v) commercial space limitations to 15-20% EGI / 25% NRA, and (vi) less forgiving underwriting with 7.00% minimum vacancy rates when determining our underwritten NOI.

@Edward Toomey V I feel like this is a frustration for us all in the property management game.

Eu estava comprometido em fazer isso com a vantagem do investidor, mas desde que vi sua mensagem, preciso encontrar outra opção.

@Shriraj Shah, @Wendy Stclair, @Wim V. :I

Btw, the buyer is in no way at any criminal risk vis a vi the lender, he has no contract with the lender and therefore no obligation to the lender.

Made a costly mistake and learnt from it.Hi @Jay Pragasam I agree with @Harish V. i was in same boat I spoke to few ppl who got really solid return but those ppl invested back in 2015-206 time frame..

Its somewhat like a RE license vis a vi a RE broker licenseyou need to start as an MLO  ( mortgage loan officers)  Before you can became a Mortgage Banker  as stated above you need to show experience. 

So one needs to remember what you did in the past may not be quite as lucrative in the future vis a vi cash flow buy and hold...

having been around a few of these bad actors in my business life over the decades, it unfolds very slowly as your seeing vis a vi criminal indictments..

@Nina V. I