If using a lender this is a non issue.

It might cost you more in profits on this one property to go pure hard money, but it could also prevent you from using a combination of cash, your HELOC, and hard money to purchase multiple properties with more total profit.

I even acknowledged that in my original post, that there are situations where using a wholesaler may cost the initial seller less.The benefit of providing an unbiased argument (even if you yourself are biased) is it allows others to see how you think and the real benefits of using your way of things with as much of the necessary information as possible.

You can also use the calculators on BP, but I did most of it using a local banks income property spreadsheet and my own notes.

Hello BPland,Is there a resource I can look into to review templates of a Promissory Note, Loan Agreement, etc. pertaining specifically to using a Private Money Lender for the purpose of covering the down payment and the rehab costs of a prop investment?

I plan on creating an LLC in that state and using a JV agreement to record the specific partnership details.

I’m am a huge proponent of using a good PM and advise many new investors on BP to seek PM’s for their first properties if only to learn the do’s and Donts of managing their investments.

Although, in our newest renovation, we are using a solid plastic door.2.

Do a Google search for "The Forced Traffic & Conversion Strategy", and all this is explain in excruciating detail.NOW.. pay attention..This is scary... because you will spend a pretty penny on this, BUT think about this..you could spend 400 dollars every month for 12 months using a method that relies on luck and hope you land a deal..Or you can spend 4000 dollars in 1 month, and get 300??

As a follow-up I have considered using a "dumb" meter and just adding an IP camera facing the display so I can read it remotely.