Only buy it if it's a good note though.  35k at 10% isn't going to float your boat for long, you can't simply 'forget about it'.You don't need a college degree or a background in finance. 

With the stocks as high as they are the binds shouldn't be as well supported as they are...BUT foreigners are incentivized to buy bonds and it floats it when it shouldn't.

There was a lot of BS floating around there but I knew enough to not think they were the only way. 

Note: I'm new to both this idea and hard money so feel free to tell me if I'm missing something here.I'd then be in for 92,000k from the hard money loan + 4500 on the credit line, of which I would use an additional 30k to close the deal and float the rehab.

Any opinion on how much crime drifts over to the Hermitage Ave / Willow St. area?  

They said you will get this type of loan say a 5,4,3,2,1 that is a loan where in the first year you pay 5 points if it is paid off in year 1. 4 points if paid off in Year 2, 3 points if paid off in Year 3, you get the drift.

Rich Ng I know everything is subjective but in your time have you ever seen a list floating around of towns with an A,B,C,D listing?

my facilities I were one year facilities IE renewed annually.1 point and a float above prime so my rate I was paying was 5 to 6.5% in the day.I loaned the money at 3 to 5 points and 12 to 15% interestso yes I kept the points AND I made the delta.. its a great model if you can scale.you need to get to 5 to 10 million to make any real money at it !! 

We did well, thank you.Honestly we werent really looking to sell it but had a tenant move out early on us and we decided to float a "I dont want to sell it price", and it sold in a week.We cant find any multi family properties that we can a)afford b) that we think will cash flow. 

Times are good now and the tide floats all boats.