Keep coming on here and talking to like-minded individuals...that will keep you going!

Again, it is up to each individual to see if this fits in their plan or not.

Hard money loans are loans from private individuals rather than banks.

My company and I mainly work with individuals who currently receive monthly payments from selling their homes, business, commercial properties, etc. and match them with investors for a commission.

Plus I have more exit strategy options.Choice is ultimatley up to each individual investor on what types of portfolios they choose to operate.

I prefer to work with individuals who don't have to deceive to build their business.

Breadcrumb links are the links you see on top of the title of the page, which indicates how far in the website you are.If you are in a sub-page of a page, then you would see links for the parent page and the home.

I do not have much experience in this field at all, but I have read quite a bit on the investment side and have a lot of motivation to become an active individual in this field and do what it takes to succeed as an investor.

That along with figuring in a couple different factors normally gives me a fairly good general estimate of ARV.To be more accurate, you should pull 3-5 individual comparable houses (roughly the same square footage, bed/baths, amenities, etc.) that have sold in the last 3 months (sometimes 6 months depending on your market) and figure an average sold price per square foot and then multiply that by your house's square footage.Curt, on a side note, do you find a formal appraisal to be an accurate estimate of what it will realistically sell for?

That's probably the more realistic comp.I would do the analysis exactly the way MikeOH does above, which indicates that you shouldn't be paying more than $35K for the property (acquisition + rehab costs).