Why because eventually you will get hammered and go belly up with this type of leverage.

You seem to imply the quad needs renovation - is it not yet completed (developer went belly up) or neglected with a lot of deferred maintenance, etc.?

Every apparently OK/good MLS deals are either gone or have two or three back up offers..During calls - agents have that full belly attitude if you know what I mean!

[/b]Hi guys,Been dealing with a sewer lateral at one of my rentals that has issues (sags/bellies in couple spots...Unfortunately the only remedy is a dig and replace.

Rob, that is JUICE!

Another aspect to is having the LLC finance the deal, everyone has the same risks if they bellied up for the 20-30%.

Turn keys want to offload risk onto the buyer.In many ways syndicated used to front load fees and ongoing charges so if the property went belly up later on they would have made a decent return.Now the buzzwords are "aligned interests".

Lloyds has been in business for a long time and it's unlikely they will go belly up imo.

Obviously 6% is a huge amount of juice - what kind of discounts/deals have you formed with realtors you worked with?

Had an owner that went hunting and for whatever god foresaken reason never washed the thing after the carcass juices settled in, uuugghh.