Thanks Charles…I will be heading over there to see if Im on the right track as far as my number are going.Originally posted by nationwidepi:Originally posted by A R:Thanks Jayme, The info on this site is amazing...

I have no idea what you saw or read, but there is no way, absolutly no way what so ever any HML will lend on a 1-5yr term, at 9%-11%, hands down no way, especially not to someone without a track record.

In order to find out how good it really is (or is not) you have to send it out and track your results. he higher your response rate, the better the marketing piece, which includes envelopes, list and all.

I have worked for five star resorts, mom and pop shops, cheese cake factory.I am using quick books to track whats going on as well as spread sheets for day to day and week to week. we have been open only a month and am finding that not very many people interested in month old baby.

I believe you're on the right track, but you should know before you buy if you can bring the subject up in value to the desired comps, if not and you're selling the runt in the litter, healthy and in good shape, just smaller or less expensive, then you should have an idea about your profits and probably a quicker sale.

However, it will add some additional work for her because each LLC would need to have its own bank account/checkbook, accounting, expense tracking.

I recently was tracking one down for a buyer that was FNMA.

So it can be tracked throughout the process.

Hard money lenders are going to want to see some of your own cash in the deal, or that you have a STRONG track record.

His strategy may not be what you are looking for, but he is smart, works hard and can show you a proven track record of his flips.