I've lost count of the number of RAD investors who posted in the BiggerPockets forums about their "hard money loans" and then having their distributions "frozen".

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

So, I've closed hundreds of loans for people. 

First, there are about 6 states that I refuse to invest in because of their tax laws and what I consider to be an unfriendly business environment.

I'd estimate that there are less than 1,000 legitimate, or "professional" wholesalers, in the United States of America, as defined by individuals who make $100K flipping contracts, and collecting assignment fees, in any form, and who have made that amount of income more than 3 years in a row.

Location and desirability are two major factors in the success of an investment property.

The land is on two tax lots so my plan is to sell the extra lot immediately after closing for a projected $275K.The property on the other lot will be a fix and flip with projected costs of $240K and an ARV of $750K.I plan to use a PML of 2 points and 12% APY for 70% of the total cost.

What you are experiencing is, unfortunately, part of the learning curve, but it can pay dividends in the future.One of the investors who spoke at our Lowell meetup shared a similar story.

I want to minimize my out-of-pocket expenses and am considering using a HELOC on my home or leveraging the equity from my first rental down the line.

Many thanks for the warm welcome I received at the Alabama Center for Real Estate Transformative Tuesday.