Knowing your market and what works in your area is important, so you can definitely learn from the successes and failures of other investors in your area.

I am not in the US; I invest from NZ- so this is important to me not being within the country.

@ Jon : yes, i can afford the payments, so it is ok at this point.I think based on what you guys said the most important point is to make sure that the deal or delas i am getting into give mea return of 7% or more otherwise i will be loosing money.There is not fee involved in the application..that's good.Capital one who is the bank offering me this loan.Thanks, really appreciated your replies guys!

Originally posted by Brian Adamson:Hi Gilbert, I think wherever you go, the weather is going to be an important decision in determining what you do.

But I am not familiar with pricing in your area and price is important in our area.

Your question left out some important information that would allow us to give you an intelligent response.That said, I'll give you a broad answer.

It’s important to understand that, in spite of what some think, virtually no hard money lender wants the house.

Important, think about how many clients/owners the software will allow you to manage.

Most important, don't invest more than what you can afford to lose!

And most important, have the courage to follow your heart and intuition.