Quote from @Hari Mann: Throwing my opinion into the ring here.

Hey @Haris Mehovic, you are going to have to ask a CPA this question.

We had a property tak so long we spent over $30k in financing costs.

Quote from @Hari Bansha Dulal: @Sean Hudgins, Like Raf, I'm also looking for BRRRR properties in the VA beach area.

I will get those books, perhaps they have a housebuying for dummies har har. I

Sometimes a person is so enthralled with what the tool does for them (or thinks it does) or someone they know, that they sing its praises to all who will listen (I'm reminded of the old addage - when all you have is a hamer, everything looks like a nail.)The best course of action is to learn as much as you can; tak to someone you trust; and, choose the course of action that makes the most sense for your circumstances and goals....

Hello everyone, My name is Haris and I am new to this forum and community.

About half of my deals representing sellers I will ask for proof of funds.Since financing is what takes the longest, I'd like to know that the buyer has 30% down (70% LTV) and can get financing up front.Hard money is just tough to make a deal work and you're on a knife's edge (i.e. every day it taks to pay back costs a lot, so delays can kill you). 

The GM/CEO/Owner, Hari Mann, and I are hoping to get some feedback on the first draft of an Offering Memorandum we created from everything we learned in the Bigger Pocket's recent "Multifamily Investor Bootcamp" course.

It also taks additional capital for improvements.