My lease says no more than 8 days every month because it's common for them to have someone over every weekend.You don't need to prove it.

The difficult part is our buying criteria has to be no more than 78% of the ARV (This includes purchase plus rehab) and also needs to be within spitting distance of the 1% rule.

The firm was made up of no more than 10 people and was exactly what I wanted my future to look like… owning a small but successful commercial real estate firm that could bring me and whoever I want freedom.

No matter what a friend, co-worker, BP poster, LO (yikes), etc tells you, there is no more VA 100% cash out refinancing. 

For those not in the industry the reason lenders wont go that low is  really simply a math problem.. if they have to stick to their pricing sale 2 and 12 or so and its a 30k loan.. thats a whopping 600 in points and very small amount of interest payments which are always shared with teh investor or credit line or wall st guidance line they have to   HML make money on the delta between what their capital costs and what they can put it out for.. then you have defaults the cost in many of these Eastern states and time lines to foreclosure is hugely expensive and time lines are forever.. so if your only making 1k or 1500 on a file and have to foreclosure you just lost a bunch of dough. it takes no more time or effort to do a 500k HML at 2 points  10k of revenue to lender and the delta on interest of course is much nicer.

I don’t know the rules in Florida about buyers backing out and getting their money back but maybe they’re very buyer friendly.I would probably offer $2500 and no more unless the property is a stellar deal.

I have a friend that secured a deal on a property in La Jolla with none of his own money because he listened to the owner -- I kick myself to this day because I had talked to the same owner numerous times about other things but I didn't listen to him like my friend did so I missed the opportunity.I had kind of tuned out the opportunity because the property is in a really expensive part of La Jolla and I didn't think I could secure a deal on a $5M house when I was just starting out.But my friend -- who had no more experience than I did -- and the developer he worked with -- and who paid for everything -- made $7M each off that deal because the house ended up selling for $28M.Anyhow, my point is that while you should keep doing what you're doing because there are deals everywhere and you don't need to live near by, don't ignore your own backyard because you probably know it much better than any other area.

The average job we do for $5,000 to $12,000 takes no more than 2 days and we do no less than $140,000 per week in business.

… @Lesley WhitleyThe new loan amount can be no more than the actual documented amount of the borrower's initial investment in purchasing the property plus the financing of closing costs, prepaid fees, and points on the new mortgage loan (subject to the maximum LTV, CLTV, and HCLTV ratios for the cash-out transaction based on the current appraised value).

We understand we need to have no more than 80% CLTV based on TX lending laws so we're good there.