So long as the private lender is utilizing their actual monies and not borrowing from a third party then charging HML fees when they loan it to another, its ok.

I think the utility numbers are low - will utility companies give out usage and cost information month over month?

The reason I think it is a scam is that there is NO contact information either in the ad or in the google doc.If it was a site trying to sell educational material or actually get birdogs, then there would be some sort of contact information in the ad.

GAREIA has a very active email group where members share resources such as contractors and locations to buy materials etc, and share advice.

Hi guys,Tax question for you:Just curious as someone mentioned that I could utilize Sect 179 of the tax code to take depreciation in the same year instead of capitalizing it over X years on certain items pertaining to my rental property.

., and remember you need to have some reserves, but taking the $30k and buying 2-$50k houses is possible, but that is pushing it.This would also mean you have $0 for rehab if your going straight to conventional financing.You can utilize hard money to help conserve capital IF your buying and rehabbing the houses and still your "all in" well under the appraised value when your finishing (ARV).

I have my financing lined up and I have had a few properties under contract, but backed out during options for various reason (found out one was on the edge of a sec. 8 neighborhood, and another paid all utilities for tenants).Just this week, I found what I thought was the right investment for me.

Utilities, insurance, HOA while the home is vacant.

I don't very often advise people to study real estate licensing education material, however doing so might help you see both the nature of a licensee's relationship as an agent working under a broker's license and the broker's relationship with principal currently if formerly under a listing contract.I'm not suggesting that you get your license, although you may find that something that is ultimately worthwhile in doing.

I'd also toss at least an 8% vacancy rate in the numbers.Run those numbers down against that $900/month section 8 voucher and I'm pretty sure you'll be making a nice chunk of change so long as you don't have to pay utilities to get the $900.