They do not want to get into the fine details of why someone might have purchased at a discount.

It is very detailed and has links to back up all the data as to where the original source of the data .

Hi all,Wanted to start out by saying thanks for some great info on here.First let me say I'm relatively new to real estate investing, and I come from a technical engineering background and am finding it VERY difficult to justify things I've been told to say by my coaches, because to me it feels like I'm manipulating instead of being straight forward and honest.

purchase for 195k ...conventional 2 yr arm at 10%.... 20k in repairs....ARV is 260k ...I am a residential contractor so I will be doing the work.....appraised at 250 now....probably 280 to 300 after repairs depending on my detail input.

It will depend on the Investors specific situation.Always Seek Advice of Counsel; Build Your Technical TeamWe always recommend that Investors choose a team of experts to help advise them in building their real estate investment portfolio.

Now I have purchased a house by the skin of my teeth, and for more details about that if someone out there wants to personally write me and maybe school me Id appreciate it very much!

Thanks for the response....do a 90% loan... it would give you room for negotiation in the price of the houseCan you give details about this?

I would however like to help others through mentoring (workout details later), ideas and software.

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

I was sitting at my desk one day (at a job I wasnt overly fond of) and began writing out my goals, I don’t remember all of the details but I do remember the major themes of the goals.Goal #1 Own a Harley before I was 30 years oldGoal #2 Have at least $30,000 in the bank before I was 30Goal #3 Make at least $100,000 a year by the time I was 30Goal #4 Own at least 5 investment properties before I was 30Goal #5 Have a fun car by the time I was 30I think I must have been about 29 years old and was working on cleaning out my basement when I discovered my old book of goals.