The potential liability is very high if you miss something during the process that later surfaces causing the investor/developer to lose money.Some of the skills you should have are a firm grasp on financial concepts and forensic accounting because sellers lie and they will cook their books too.

There is a laundry facility in each building (4 buildings).

Typically these types of lenders will give you up to 65% of ARV as a max loan facility, but will only extend an initial amount equal to 65% of the current value, which may or may not cover purchase and rehab costs.

I think Steve Cook was sued by them for using "Ugly House Bootcamp".

It has 200+ total facilities in 35 or so states.

Reserve facility to include "Legacy Assets" that is currently only set up to buy newly issued securities.

Kinda seems like Steve Cooks course Wholesaling for quick cash.

My two goals for 2009 were to purchase an investment property & also purchase an arcade machine to place at a local indoor soccer facility.

&id=973192I got in contact with the author of the article, Kevin Cook, and he was more than helpful in answering my questions.

HiI found a building that was converted from a senior living facility into a band-practice facility.