@James Dupont maybe you should post on the forum something like "Rich Dad Seminar" in the subject line and ask for feedback from those on BP who have gone to this event.

Hi @Allie Barke, CapEx or condos are waaaaaaaaaaaaaay lower. https://www.biggerpockets.com/blog/2015/10/13/real-estate-capex-estimate-capital-expenditures/The article does a good job of listing the costs line item, but does require adjusting based off the quality of your condo, and your market. 

Hi Michael, it's because locations are at the bill/invoice level while as classes are at the line item level.

The last thing you want to do is put ten's of thousands of dollars on the line and find out that your working inexperienced people or worse... scam artists.

I have one potential tenant who wants 3 out of the 4 offices and a few other possibilities lined up who might be interested in the 4th.Here are some factors to the decision:My ultimate goal is to buy and hold properties for a long period of time so that once they are paid off, this will be my retirement income (I'm currently 35).While I have a positive cashflow on my first property, I don't have a lot saved up at this point that I could put towards a downpayment for the second property.I talked to a banker who, based on my current finances, would finance 100% of the property, 5 or 10 year loan, 4.5%, amortized either 20 or 25 years.So...from my perspective that looks like $0 down other than closing costs, and tenants lined up who are interested in the office.One problem is that given the asking price, and what the monthly mortgage + operating costs would be, the rents for the 4 offices would be 20-25% higher than the market rate.The potential tenant who is interested in the 3 offices is willing to pay that because there are some unique characteristics that they are specifically looking for that would be hard to find somewhere else.Let's say that tenant is willing to sign a 5 year lease initially.

For a tenant who clearly doesn't "read between the lines" well, I would anticipate she would read this as more leverage over me than it realistically is.

I was interested in this deal because of the cash flow (already rented out) and the fact that the property had an attached vacant lot that I can build another property on down the line.

Maybe the original note referenced the maximum amount of the line of credit when it was taken out.

It's a border line scam IMO, but I as relatively new so it would be good to hear the other side of the argument. 

As a newbie looking to do my first BRRRR or Fix & Flip, I'm realizing I'm not sure what the proper protocol is with regards to lining up cash for the deal first (hard money) vs getting a deal under contract first, then securing hard money.