Being the newbie I am I got screwed by a hard money lender. I am looking for someone who is in the private lending business that might be able to answer a few of my questions regarding legal practices in the industry...
My tenants brother is looking to rent my other unit and makes great money but has a cat. Should I look elsewhere
One of my tenates (single guy in a 2 bedroom) asked if his friend "that fell on hard times and lost his job" move in with him. I sent out an rental application form for him to fill out cause I do plan on screening him...
I understand the concept of making an offer on a mf based on NOI and expenses and the cap rate; however, in the event of an REO mf that will be empty - if not @ coe than not that long after - but still non performing....
Seems that I have entered the "grey area" where I could begin to head full steam in one direction or another...The main factor for me right now seems to be that the financing for future purchases is guiding my decisio...