FACO Commercial is notorious for slow closings.

@Alethea SealyI honestly do not even know where to begin on this.First the market you are taking about is notorious for high turnover and very high staff time for management companies with not much in margins to make managing these properties worth it.

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Lots of notorious people were involved in this endeavor.

GCs are pretty notoriously bad at figuring out how long something will take, though sometimes this is because of complications/issues with permitting/the city.

And just so you know (not accusing you of anything) to lie on the mortgage documents and say you will owner occupy for 12 months when you do not, is considered mortgage fraud, punishable by up to 5 years in prison.

The Kensington area which has notoriously been a rough area with a lot of drug activity has now become an area that investors have become very interested in.

I am notoriously terrible at really using these platforms to benefit my business.

So to recap: one guy dead, the other guy spending 15 years in prison for manslaughter over a parking spot.Pick your battles wisely.

A number of highly publicized convictions and resulting prison sentences for mortgage fraud greatly reduced this methodology.A private lender may take your “automatic” equity into consideration , but you’ll pay A LOT higher interest rate.