Sales desc: Clean remodeled Longford home located in quiet modest neighborhood with a bright oversized eat-in kitchen - all new Stainless Steel appliances!

Sales desc: Clean remodeled Longford home located in quiet modest neighborhood with a bright oversized eat-in kitchen - all new Stainless Steel appliances!

LLC's are expensive to operate, so most people buy a 100k house and think they need an LLC for asset protection... the LLC will eat up all the potential profit! 

From a buyers standpoint, don't get attached and put all your eggs into a basket trying to purchase a particular short sale.

But if he didn’t break the law because he is slicker then an oil spill hopefully in the future beginning investors will look to cooler heads to handle their money.I think it's the standard, "you promised me 15%/year and I'm only getting 9%/year" sort of thing.I'm sure he's got disclosures all over the place and being a qualified investor probably raises the bar for making a claim, but, hey, lawyer's gotta eat too!!! 

I have a property in Texas already and I am paying that 10% to a management company which eats my cash flow.

And that is true...but it takes a while for termites to eat a house....years, probably a decade.

If you used a realtor they may be your next stop so you can have a representative to the seller's realtor, worst case you probably end up in small claims court and eat anything over the dollar limit.

So, my question is: is there a reason you’d choose hard money and perhaps a lower down payment to preserve capital vs (for example) a convention 25% down loan which would eat up a little capital but put a little cushion of 25% equity in between my newbie brains and a change in market conditions/tenants/etc. 

It sucks to eat the sh*t sandwich on a deal, but focus on finding the next deal that will make you money instead of trying to fix a bad deal.