Last year I barely made any money after all expenses were paid.

Growing up in a household with 6 siblings and parents working hard to survive living in California I became very observant of what others were doing to make money.

If the borrower defaults recording takes time so you would lose that time4.

You lose the rent money that he didn't pay and you have to pay someone else to finish the job.

Tax Benefits Once Built- Deduct depreciation and cost of maintaining the property - Deduct mortgage interest if a loan is taken outWhile I am not an accountant, I do not see where it would save you much, if any money at all.

I was wondering if hard money lenders or private lenders require you to be licensed as a mortgage loan Officer to find them new clients.

If you enter the market with the right approach, there is alot of money to be made.

However, I keep feeling that we are missing an opportunity to make money off of this house because of the location it is in.

With what I have now, I’m looking to invest in an area that’s both affordable and ‘if I mess up, I won’t lose too much’ mindset hopefully.

I suspect that this lady may be involved in the scam and then takes a cut of any money wired to the supposed lender.