A private lender is typically not a business, its typically an individual.

(Be aware, Sheriff's sales are different than Deed of Trust sales) One guy who recently won an HOA Sheriff's sales bid, did not realize that he bought the underlying lender loan and now owes the lender the full amount of that loan.

If you’ve ever bought a rental property that “met the lender’s DCR requirements” but still ended up with less cash flow than expected, you’re not alone.

Situation: Year 2007 - Looking at a VERY old at the time 2nd lien Mortgage on a residential property in Illinois.The 2nd lien Mortgage & Note was made back in 2007 by the lender on this investment property many years ago and sat behind a BIGGER Wells Fargo 1st lien.

Although there are different departments for all lenders, a good LO should underwrite the deal initially in order to avoid any of the issues you are mentioning.

. - Applicant must be a non-smoker. - Applicant must have no pets except for dogs of non-dangerous breeds.

Private lenders love connecting in person.Leverage your online presence.

Ask for references from those specific deals and call them.About the Hard Money Loan: Non-traditional loans can be full of hidden costs."

The big issue is Hard money lender requires interior pictures.Can I change my lender and have another one who doesnt require visiting the property?

I do typically recommend individual bank accounts for each cell but I see some variance on this and you can sometimes forego individual bank accounts in favor of just a single bank account in the series LLC as long as you have strong bookkeeping that meticulously separates income, expenses, etc. of each cell (e.g. by using a classing or similar bookkeeping system).It is important to note, however, that TN has a franchise tax that requires careful structuring to avoid by ensuring that the entity structure qualifies for the FONCE (Family-Owned Non-Corporate Entities) exemption.