(my mentor/captin currently has a few rental properties, he's wholesaled, reahabbed and resold) so i planned to call the guy monday with the offer but i got little busy at work and and besides i was was hesitant anyway b/c i thought i screwed up and i just didn't think he would go that low. so this morning i had a meeting with a guy from realnet usa, they loan money to investers, buy/sell properties etc. and during the meeting the gentleman hands me a list of available properties he currently has on contract and lo and behold at the bottom of the list is the very property i vistied this weekend. they're selling for 52k with a 95k ARV with estimated rehab @ 15k. i didn't say anything i played it cool and finished the meeting, we exchange info and i went on my way. once i got outside i beat myself up pretty bad(mentally of course) for not going with my gut feeling but again i was hesitant b/c i've never done this before and that was actually my very 1st time meeting with a seller and feeling good about a particular property. all others i looked at did not seem good for me @ the time. i called my wife vented and got back to work and called my mentor/captin but havent talked to him yet. and even called the invester who originally showed me the property ( i didn't mention anything) i just gave him some info he requested and told him to keep calling me when he has properties available and he gave me one right away and asked could i go out to check it out. i guess i wrote all this to say first off i'm a little discourage, not enough to ever quit of course but enough to feel like a total moron and second.... i don't know i just would like some feedback. sorry for the long read guys and gals :violin: but i must admit i feel a tad bit better now. thanx!!

You're paying for all the extra CF upfront, and getting it back.... s  l  o  o  o   o   o  w   l    y.Example:1 - $100k property; CF with no debt = $10k/yr2 - DP = 40% = $40k;  Debt = $60k3 - CF = $6k/yr4 - Yrs to recovery = 7......or...1 - $100k property; CF with no debt = $10k/yr2 - DP = 20% = $20k; Debt = $80k3 - CF = $5k/yr4 - Yrs to recovery = 4Now, if both options start with the same $100k, and both investors want to grow their portfolio using the same DP%, but only using the CF to do wo, watch the difference between the two options both in starting point and growth. 

If you're open to any market within a few hours of LO (Go lakers), consider Salem.

Hi @James HamlingHow close is a CFD to a LO?

Fannie or conventional mortgages will generally have mortgage insurance until the LTV reaches 78%. 203k are not a issue for most LO's if they look at their bottom line before the clients then I have an issue with them.

What matters is how the written agreement, or L/O contract says.

A CFO is merely a safer way to go than a LO, not perfect, like a business partnership is not perfect!

He also said that they do a hard pull on his credit each time documents are uploaded, or he gets a new LO, and his credit is now 40 points lower than when he started. 

Regarding Gift funds, get with your LO before you start moving money around.

I have worked with my attorney on the two L/O's I did in 2016, so please bear with the simplicity I use.