I've been analyzing the numbers from the example deal from the Bird-Dogging 101 article here:http://www.biggerpockets.com/articles/bird-dogging101rb.htmlI'm using a spreadsheet, and I can't seem to come up with the numbers that he has mentioned...specifically the "Additional (Not covered by loan) expenses: $7,500.00"My understanding of this figure is that it is the difference between the loan amount, and all of the expenses.The loan amount was $105,000, and the expenses were each of the following:Acquisition Cost: $7,500.00Repairs (estimated) : $9,000.00Four month Average.

Realtors are considered "experts" and they shouldn't be trying to negotiate preforeclosures because that might end up with you in court.The truth is that investors can really make people happy by solving their problems while still putting a little coin in the piggy bank.Remember: the purpose of bankruptcy and foreclosure are to minimize losses to lenders while redistributing assets to make them productive again.

We could have used other loan products without that requirement but they wouldn't have met our needs.

The investor who plans to purchase a house and flip it needs to see what the average salary is before figuring out what the price point for the house will be.

I receive an average of about 25 postcards and letters per month, in addition to another 5-10 phone calls from people who claim to be experts in note buying.Occassionally I'll give one of them the specifics on one of mine just to see if they actually HAVE ANY IDEA WHAT THEY'RE DOING.

There's products available for good credit whereby one can qualify for the completed value of a project.

Most people come in at 5-10 percent below asking, depending on the product and how fast it would move on the market.

If you have any century21 agents, please refer them to me..I am also a Loan Officer, I specialize or niche in sub-prime financing.. which is one step above hard money, but one step below conforming or A-paper lending(perfect Credit).example: we can get investor loans funded with as low as a mid 500 fico..now if your strategy is to flip houses, then subprime financing is not for you.. stick with hard money.. however if your strategy is to have income or rental properties, then subprime finacing will benefit you especially those holding their properties to gain long term equity. average rates are between 8 - 10% depending on credit.

I have a low/average credit, make only 35k a year and at the time of my investment I will have 25k in cash and credit at my disposal.

Just curious, how many rehabs do you flip per year and on average, how much do you gross in profit per flip?