Explain your business model and your experiences to date.How long has the site been up?

If you have time, can you please explain what your version of a hard money lender is and does it take less than 30 - 45 days to close?

Let your agent know that you are a first time buyer and he will walk you through and explain everything in detail.

I'd like to propose a scenario for some of you to explain to me what a note buyer needs to know and how does his process work.Let's say I originate a note for $20,000 @ 12% for 20 years.

On the financial statement there is a section that says Cashflow - $35,827Add Principal Recap - $47,763-------------------------------------ROI - $83,590Im unfamiliar with the heading Add principal Recap, can you explain?

If youre having an issue with a title company regarding a Sub2 purchase it is because youre not explaining to them what you are wanting in a confident manner...And it you are unsure of what you want they are going to CYA all day long and say NO WAY.I do Sub2s all of the time, hundreds of them now and they just are not an issue.Good LuckMichael Quarles

Mike, I'm not too familiar with the methods of analyzing the property, can you explain how you calculate the "NOI" ?

Let me explain my point of view.

Can somebody explain that to me???

I explain to them that I am also an investor of "X" years and have bought and sold "X#" properties.