That’s a lot of lost profit (politicians may disagree- but who cares?).

Do you disagree with the fact that it might be difficult?

Bryan, First, I only respectfully disagree when I see something which is extremely off base, granted I do enjoy a good debate, I want anyone to get the most accurate information and not be dissuaded by inflated fear factors.

I'm just turned off by the prospect of having the loan go into default and then moving forward with foreclosure... though, I hear some people get into debt deals hoping for that to happen.Perhaps you can't really generalize, and must examine deal by deal...

Second, if work has not been completed and permits signed off, the buyer's stuck with finishing the project and that's worth a big chunk of the value added.Keep in mind that, just as a $10,000 car with a $3,000 dent is not worth $7,000, I would begin by really examining why this property fit my portfolio If it doesn't, I'd want make sure that I didn't get stuck with it.

But without some good luck, they won't give you success by themselves.If you want a thoughtful examination of this topic, give Malcom Gladwell's "Outliers" a read.

Problem is that in some areas, and regulators, may examine the extent of the commercial activity compared to the type of loan being made.

However, I disagree that properties will cash flow when purchased at 1% of acquisition cost.

She disagreed with me, and insisted there was no way we could find out.

Still interesting but not really a true advantage.We might agree or disagree on the edge one gets from knowing the loan balance.