I am assuming that since you know the neighborhood and the typical rental rates and typical rehab costs, you are in a good position to see how the property will cash flow even before an inspection.

Instead, they prepare you only to get your first job and impart a general "employee" mentality, a perception that life is really only about a series of escalating job positions and promotions.

The SAFE act regulates consumer loans, not business borrowing, but if the loan goes to foreclosure, and the borrower claims it was a consumer loan, not a business loan, you will be int he position of proving to the contrary.Therefore, I strongly recommend the following:Lend to an entity only, not a personGet the borrower to sign a declaration stating the loan is for business purposes, and the proceeds will be used only for business purposes.Get a Nevada attorney who has worked on private lending closings to generate your documents and advise you on any Nevada llaws and requirements.

To all,How many folks are looking for cash flow positive properties?

Not only that there is so much more opportunity here to find positive cash flowing properties.

A quick comment as I do not have the time to read the full thread before running out to the store.If there are junior liens then consider their position.

If you know their position there is no need to continue to read what they post as they do not change their view.

One time it is really hard to tell is when they paid down the loan early but have not paid it off.Knowing the seller's position is important.

In my position is this something you would pursue?

Will be paying me rent (positive cash flow for me).