(assuming the stats are correct from this source.http://en.wikipedia.org/wiki/Jobs_created_during_U.S.

I'm just turned off by the prospect of having the loan go into default and then moving forward with foreclosure... though, I hear some people get into debt deals hoping for that to happen.Perhaps you can't really generalize, and must examine deal by deal...

Second, if work has not been completed and permits signed off, the buyer's stuck with finishing the project and that's worth a big chunk of the value added.Keep in mind that, just as a $10,000 car with a $3,000 dent is not worth $7,000, I would begin by really examining why this property fit my portfolio If it doesn't, I'd want make sure that I didn't get stuck with it.

But without some good luck, they won't give you success by themselves.If you want a thoughtful examination of this topic, give Malcom Gladwell's "Outliers" a read.

Problem is that in some areas, and regulators, may examine the extent of the commercial activity compared to the type of loan being made.

I thoroughly examined both companies.

Originally posted by "mud":now that most states have a 40% or higher foreclosure ratio Far from true.The national average is close to 5% of all loans are having problems (late payments or worse).40% has never happened in the US from the stats I have seen.

Understanding personalities, motivating factors, likes and dislikes are as important as knowing market stats and trends.

Although I'm not much for psychological mumbo-jumbo, I think that you should sincerely examine yourself to determine whether you're truly suited to this business.

It's very easy for someone to sit on the sidelines and examine things that others might be doing wrong.