The reason it may work is because as you lease the property up the value will increase making it possible to refi into a Perm Loan after the property is stabilized.I don't know if this is what you want to hear, but it is the truth and that is what you'll always get from me.I love talking shop, you can reach out anytime and we can discuss the scenario and your qualifications and I'll give you the real deal on what is and is not possible.

ANOTHER pen and paper analysis, Coffee shop millionaires :) I NEVER use a calculator, no need, welI........I stopped readying after the 1 mill purchased and gross of about 80, NOTHING else matters.

@Shelly Rike MitchellHe is price shopping - you could also tell him he is responsible for termination and the remaining balance of the lease - take it or leave it.

So you can afford to shop around for a good refinance lender then

American Air and HVAC was the group I used FYI

They are super customizable and if you shop around you should figure out what the general cost per sqft is in your market is.

So, with no foundational knowledge of real property, and no capital, his only alternatives are (1) “bluff” the homeowner into thinking he has the money and intent to close the purchase himself and or convince the homeowner he has an extensive list of cash ready interested buyers (“partners”) with whom he’s done dozens of prior deals or (2) pack up shop, write off the money invested in mentoring to a worthless investment, and decide IF real estate is right for home.  

@Jeremy Staggers I've used First American Title in Houston for many transactions (Spring office).

Where are all the Short Term Shop people?

The pros is it's got a great exterior with steel siding and a new roof. also has a 1200 sqft shop that is insulated.