Either way, don’t expect your phone to ring off the hook but if some one does call they will probably be serious.John

This is a great community of people willing to help each other become successful.On the negative side (you couldn't expect all positive things here...

Alina, do you expect them to change the rules soon?

Hey there,It's the day after christmas and I'm not expecting many sales calls so I thought I would do a little reading on the web and came across this site.It looks like an interesting place so I think I'll stay a while longer :-)

Dealing with hardmoney lendersWhere to draw the lineAssuming the following expenses in a Real Estate Retail Transaction from end to endBuying a property expensesPurchase price+ Acquisition Expenses (Purchasing points costs + Holding Expenses for x months(mortgage payment)+ Closing Costs)+ Rehab costs + Agent/Realtor costsProperty Re-Sale expensesResale Closing costs+ Resale Marketing+ Realtor/Agent commissionwhat are the expenses a real estate investor would expect to be ignored by the hard money lender.I mean how does the investor approach the hardmoney lender,does he include all the above expenses as the loan amount when he prepares a project plan for the Hard money lenderor does he request all of the above money (expenses) part by part from the Hard money lender,please any one explain in detail,thanks,David

As you're in TX just ignore anyone's posts about the appreciation they can expect. 2%-3% is good appreciation in TX.I've been sitting on the fence (for the most part) for the last 3 years, too many noobies bidding up prices beyond where I can make a reasonable profit.

I know the seller rather well as I arranged the financing when he built the portfolio.I expect to use a property manager given I am out of state.John Corey

Any advice on what I can expect this week will be greatly appreciated.

I can use a VA loan too if I need to because I did not use it on my first house.What kind of things can I expect with financing this second house?

If I see any drastic differences in what I expect it to be and what the seller is telling me, then I bring it up with the seller.