On a purchase we can use AirDna data or allow a DSCR of down to 0.75.

Ultimately what it comes down to is that these things have costs attached to them and if they're not willing to discount the purchase price by that amount, walk.

Do not accept this from your borrower.In addition, since your borrower claims substantial deals around the country, he or she should easily be able to provide both purchase and sale closing statements to prove this.

., $50k over 5 years at 10% = ~$1,062/mo).Always use a written agreement, ideally with legal review, and secure their funds with a promissory note and lien if possible.

Review their management agreement.

That being said, if you do decide to do it, don't draft the Operating Agreement yourself.

When you find a property, use a **simple purchase agreement** and work with an **investor-friendly title company** to close.

Operating agreements were also done.

Basically a local holds the land and then the foreigner is secured with several legal agreements, such as loan agreements and powers of attorney, making you the "beneficial owner".

You can screen tenants through their site, create lease agreements, have them signed and stored here, as well as collect rent through ACH with no fee to you or the tenant if it is deposited into your Baselane banking account.