My first modest repair issues should likely surface in about 5 years, at which point I should have a nice chunk saved up from the "maintenance fund".

., they are funding 5-7 business days from submittal of full package...at least this is what I can do, but perhaps this is predicated on volume...Regards,Scott MillerOriginally posted by "Investment Loans":Yeah, Good idea.

I will have 50k equity in my condo and another 30k approximately in other "investments" (Park and pray mutual funds.)As I already have a decent amount of capital, I was hoping to get some recommendations on what you folks would do for a first time investor's money.Right now I don't think that I can realistically get positive cash flow in the Seattle area so I might have to take the "not in your own backyard approach."

Getting good funds up front will not save you from every deadbeat, but its a great start.In regards to tenant screening, it is important to have a written policy, but it should not be overly detailed.

Large scale investors (to the magnitude you speak of) are faced with the same issues you have mentioned (dings to personal DTI and credit report/scores, etc.) and often turn to private funding to avoid these concerns.

Do usury laws apply to Hard Money lending as well or privately lent funding?

We got a lender who set up funding without trying to screw me with a NegAm loan.

One is acquiring cash flowing rental properties, another is raising capital to have funds for future deals and have a safety net.

The same developer is about half way through the largest privately-funded redevelopment project in the nation.

As a Sole P you lose some tax-free fringe benefits because you cannot participate in company-funded employee benefit plans like medical insurance and retirement plans.