so drop me a line if you feel like telling me your distance investing stories...long story short, i've heard a lot of good things about indianapolis and i'm interested in meeting investors in the area familiar with the market there and to maybe school me a little bit on what i should expect on my first couple of deals.

He sadly has no of that and only brings hard work, a brain and the will to go through a start up with me to the table.My guess is that the weight both the expected cash flow of the business model and liquid assets you currently have (cash, stocks..etc).

(at least in my business model.)It is understood that the 50% rule has shown validity, what I am saying is that the your expectations of cash flow must be changed if you have others managing the property, not that the basics of financial rules change.If you are a backyard investor buying three properties that cash flow $200 a door, and you enjoy the work, in theory you are making $600 a month in income, and having fun doing it!

Though I was impressed with the code generated by XSitePro, I expected that my Dreamweaver can do everything that XSitePro can, and there would not be a reason why I should get this – at least not for me.I thought it was going to be a simple, nothing new, just another website building software, built around a well-thought marketing message.If things went to my expectations, my plan was to exercise my rights for a refund.

Let me answer the question from my point of view:I would never expect a lender to advance me funds directly - the money should ALWAYS be sent to a lawyer in trust.I would expect that my lender would want his lawyer to review the agreement between us to ensure that my lender was covered.I would NEVER expect a lender to lend funds unless the funds were backed up by a hard asset with a substantial sum of money invested in the asset by the person requesting funds.For example - I will have $ 40 K of my own cash into the deal for a house that is valued at $ 180K +, but that we are purchasing for $ 160K.

I am new to this as I have never bought a foreclosure before and not entirely sure what to expect.

How do these jerks expect to earn any commision if they don't present ofers or answer/return phone calls!?!

Unless it was a N, NN, or NNN lease, I just don't see how you could expect to only have a 25% OE ratio.I really think you are underestimating the expenses.

It's not a magic formula that works in every situation...in fact, sometimes your expenses are MORE than 50%.Take a couple minutes to list out your expected expenses (and their amounts):- Vacancy (talk to other investors in the immediate area and see what kind of vacancy rates they are seeing)- Rent Loss (how much do you plan to lose due to concessions and non-paying tenants?)

Come to network, talk shop, and enjoy yourself.We're going to try and formalize the gatherings a bit with speakers, but expect the usual laid back, easy-going networking event!