Most hard money lenders want 20% down and they will cover the rehab in draws. 10% down is usually reserved for borrowers with experience.

Where do you go in Los Angeles to report a suspicion of this nature?

Also even though gold is a commodity which can always hold value, the federal reserve dollar is backed by a promise, not something as tangible as gold but definitely not gold so gold is “golden” and a great choice!!!!!

Does anyone know why the minimum bid allowed at an auction is not just the reserve price if they won't take anything less anyway?

I didn't pay him anything so far.We didn't sign any paper because he came to my house looked into work, I gave him printed list of work, I was hoping he will add all this work in his formal document and send to me for sign, but instead he told he has employees working for him, and next two days he has nothing to do, so can he start..I said yes.So, If I don't want to continue, because the way he is working, he may take whole year.what should I do, how to decide , whatever he did in two days, what I should pay for that, also this is a mental harassment for me also, everyday is type of reserved for me, I can't plan anything.

Lease agreements if the property is occupied, appraisal, 6 months reserves, minimum 640 credit score, credit lines open for at least 2 years with no bankruptcies in the last 36 months.Then there's the properties requirements which is another thing.

I also don't think it hurts to have 6 months of "cash reserves" in a bank.

also I’d take into account risk - you have a mortgage even if it isn’t rented so you will need larger cash reserves. 

I was thinking of quitting my miserable job to do that with him full time but have reservations about actually being able to find enough properties to flip here that would provide me enough income to live off of.

Nail salon still there years later paying the rent like clockwork.You have to see as a landlord if tenant is bluffing and has real financial problems and if so are they long term or short term in nature?