@Ray HageI agree as I would stay away from condos as between special assessments and increase of fees, what is the risk vs reward.Many of these buildings are run by people who are not property managers or have development experience and lack the knowledge to properly run the propertyAlso many don’t realize that on older buildings your initial estimate will be 30-50% less once the work starts, especially on older concrete buildings that are susceptible to deterioration due to the weather in these areas (especially the salt)

Quote from @Ray Hage: Agree on all those lol!

Quote from @Ray Williams: If you are going traditional you will see rate and closing cost breaks with 25% or 30% down. 20% down will be higher rates and fees.

@Ray Slack  It should go toward lien in a certain order, so if there are other liens it possibly will not be paid off. 

Quote from @Jordan Ray: Quote from @Ricardo Serrano: CrestCore has produced an awesome interactive website ranking the zip codes in Memphis.

Quote from @Ray Hage: Quote from @Brandon Schaar: Hello!

Quote from @Jordan Ray: Quote from @Devin James: Most residential developers specialize in one of three areas: - Entitlements & Permitting (Paper Lots) - Horizontal Development (Finished Lots) - Vertical Development (Finished Homes)Some developers focus on multiple, depending on the market, their risk tolerance, and other factors.Historically, we've focused on entitlements and permitting, with some horizontal development.

Quote from @Ray Hage: Hey Jerryian, talk to my friend @Mike Barone.

As Ray mentioned - I do this a lot for many clients that are out of state.

Quote from @Jordan Ray: Quote from @Elvis Witcher: Hello Everyone,Looking to get in contact with anyone who does land flipping or land wholesaling on the east coast.