Hi Vincent, there is a significant difference in true Hard Money and rehab loans, rehab loans won’t be low doc by any means.Hard money should be fairly simple & quick to fund, it’s strictly equity based.How bad is the condition of the property?

The down sides to an all concrete house is temperature retention good or bad. 

. $1500- $960 + $200 IS $340Cash in your pocket after everything roughly $1500-$1160-$340 which is not bad for a 100% financed deal(INFINITE RETURNS)Now, If you ran this analysis on a 1% deal as @Nicholas L. mentioned you will undoubtably end up in the red each month.All the best!!!

You can find the best deal in the world, but if you don't have the right people helping you buy, rehab, and manage then it will become a bad deal.

We can't find anyone higher in the Lendbase company.I just hope people can find our messages and not pay up front so much for any loan "service" that is bad

Quote from @Chris Seveney: @Luke H.I would be very skeptical of appraisal at $250k and buying it for $120k.On paper yes seems like not a bad deal but I wouldn’t do it because it’s five year term.

My accountant was lazy, not well informed and provided bad advice.

I felt bad going with someone else after one month of waiting.

It's probably unlikely anything too bad would happen excluding natural catastrophes but why take the risk if the profit potential isn't there?

The higher credit, higher income, gainfully employed S8 tenants are choosy about where they live and do not want to live in a bad, high crime area.By buying in an area that appeals to high quality S8 tenants, the arbitrage that you might see between S8 being higher than market might disappear.So that being said, it’s more important to lead by location than strategy.Happy to talk further if you like.