Fear Is just an emotion like being sad or happy, fear is not real it’s a product of your own thoughts, fear is a choice not a danger.

I had been financing him for years. ( he is now one of the top Guru's in the country).but he had been turned on to the market and liked it.. and since I knew the borrower so well I did the deals for himnow he had a tough time on the rehab.. what happened to him is what I have been warning folks about on other threads this latest pod cast and book about remote rehab is so dangerous to the begineer.. this guy was anything but.. however my position was so low in the deals I made my money he lost 20 to 50k a house.. contractors ripping him off  thefts time it was a nightmare for him to try to do it from CA> but don't feel bad for him he makes 1 million a month or better right now being a Guru  LOL..

I don’t know who this guy is but based on this thread, he sounds like a troll.Point I want to make is that there is a DISTINCT difference between a private money lender and a hard money lender.

The de minimis safe harbor rules (deducting tangible property costing $2,500 or less, $5,000 or less with an applicable financial statement) don't make a distinction between units being currently rented or under renovation as far as I know.

You know full well there is a distinct difference between doubling cash flow and buying cash flow.

Metal roofing is preferred but if you do it yourself you will find it much more dangerous to do than shingles.

Note that "bird dog"-ing is illegal in some states, including Illinois.Wholesaling of real estate is considered illegal by the courts in some states where the distinction between marketing a contract and marketing a property has been blurred by the wholesaler's marketing tactics.

Oh boy, you are entering into dangerous territory when you combine feelings with business.

This is dangerous to the degree that the personal loan negatively affects your credit and household debt to income ratio.

That is a somewhat important distinction from what most people consider a "conventional" loan because it will be at less favorable rate and terms than a 1st.