I'm still fairly new to the area so I try and make it out when I can.  

However, if he drove to the site, determined he needed to reset the concrete, drove to the hardware store, came back to the house, mixed the concrete, and reset the post then I think the charge was probably very fair.  

It should be fairly easily to figure out your returns with different exist strategies.

Hi,I am fairly new to all this. 

It would be a fairly expensive flip, but the upside is also pretty amazing.

As long as my investment is less than the value of land anything is fair game.I have bought a series of lots in a new suburb that the project ended when the company went bankrupt.  

I work up in Alaska during the summer months so I make a fair amount of money (15000 to 20000 a summer) but do not have a part time job during the college months.

It appears your terms are fairly high to make the long term hold strategy work and typically hard money loans are shorter terms.  

You also need to get over things being fair.  

This means that anything that is for sale that people can afford (like condos) is still getting bought.And there is a construction boom in the city with near record level numbers of units under construction but the rate that we complete new units has been fairly stagnant.If this was Denver and house prices were going crazy you wouldn't say oh it must be foreign buyers, you'd say the economy is booming and prices are rising.