This is great news right?

This is great news right?

The key is to get them on the phone and find out all the info you can, build report and create a win win.

View report*This link comes directly from our calculators, based on information input by the member who posted.

View report*This link comes directly from our calculators, based on information input by the member who posted.Hello everyoneI have taken the plunge into real estate investing after listening to BP podcasts over the past year with the goal of financial independence.

View report*This link comes directly from our calculators, based on information input by the member who posted.

One of the things I've heard about hard money is in addition to higher rates, they have pre-payment penalties.Current or prior ownership of real estate: as stated, I am currently renting and intend to rent for at least another year or so.Value of property at present and/or your offer price: $158000 (zestimate)After repair value: $Anticipated or actual appraisal issues: will perform one during due diligence Current rents per month: $425Fair market rents per month: $500Down payment or equity: $30000Source of down payment funds, if applicable: see aboveIncome Source: Salaried/hourly W2, VA comp, Gross monthly income (optional): $1800 tax exempt, approx $4-5k in base wage (+ OT opportunities)Monthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: $800/mo in rentFICO: Excellent Credit issues: None.

View report *This link comes directly from our calculators, based on information input by the member who posted.I will be purchasing this property using a hard money loan that provides 90% of purchase +rehab cost.

Talk to a local realtor about where they get their news from.

If it's a small business owner, get the consumer credit reports as well, either Transunion or thru Cozy who in turn gets it from the credit bureaus.