It's not only speculative but it is 100% levered with a preferred equity partner, and two lenders who are all priority creditors to you.

Generally speaking the folks who didn't qualify, had bad credit or wanted me to consider Section 8 were up front about it before scheduling an appointment to view.

This prevents incentives to steer borrowers towards loans with disadvantageous terms, such as higher interest rates, in order to maximize their own compensation.Charging certain fees in high-cost mortgages: Under Dodd-Frank, it's prohibited to charge a fee to modify, defer, renew, extend, or amend a high-cost mortgage.Charging excessive late fees: Late fees on high-cost mortgages cannot exceed 4 percent of the overdue payment and cannot be imposed more than once for a single late payment.Charging fees for payoff statements: Creditors or servicers generally cannot charge fees for a payoff statement.New lender, New Loan officers, brokers, are the ones who need to pay more attention because audits are required.

Welcome to the group.As you embark on building and expanding your real estate portfolio, one of the most important steps you can take is establishing a strong, proactive asset protection strategy.Real estate investing offers great potential, but it also carries inherent risks, from lawsuits and liability claims to unforeseen creditor issues.

Real estate can expose you to legal and financial challenges—from tenant disputes to creditor claims.

We aren't in "US is going to default and is an inherent credit risk" at 6X national debt to tax revenue ratio, but we are getting close to "let's be wary" territory for creditors. 

Real estate investing can be a powerful path to long term wealth, but it’s not without risks: lawsuits, liability exposure, and unexpected creditor issues can all derail even the best laid plans.Many new investors get stuck in "analysis paralysis", endlessly researching and planning but never taking action.

Lawsuits, creditors, and unforeseen liabilities can threaten both your business and personal assets.

The Manager shall have no authority to do any act prohibited by law or in contravention of this Agreement, nor shall the Manager have any authority to do any of the following without the prior written consent of the Members holding at least a majority of the Units:(a) Permit or cause the Limited Liability Company to make any loan to any Manager or any of their Affiliates;(b) Permit or cause the funds of the Limited Liability Company to be commingled with the funds of any other person;(c) Permit any creditor who makes a no recourse loan to the Limited Liability Company to acquire, at any time as a result of making such loan, any direct or indirect interest in the profits, capital or property of the Limited Liability Company other than as a secured creditor;(d) Perform any act which would impair or make impossible the ordinary conduct of the Limited Liability Company's business;(e) Sell all or substantially all of the assets of the Limited Liability Company other than in the ordinary course of business or merge the Limited Liability Company with any other entity.6.04 - Obligations of the Manager.

Do you require updated financials, credit, or just rely on the pay history and property value?