I was presented an opportunity tonight with a chance to buy what I think might be a good deal.

However, I would first present the argument about the PM failing to perform their end of the contract and plan to report them to license board if they hold $0.01 of the money owed.  

The reason I ask is if the loan is near market rate (versus the rates available 2.5 years ago) then a refi to extract sweat equity could make this more worth the effort, risk, cost. to be blunt, with the numbers as presented and without any extract of value (refinance), I am unconvinced that the smart move was not to re-rent in current condition for $1k.  

I know you know this, but you will need many more skills and subs than you present.

This upgrade to the other airport may present a real solution to the problem.  

The advice that is presented by those that are writing the best-selling books are to do due diligence and that umbrella policies ALONE are not necessarily the way to go by themselves.  

I found it really enlightening as it points out how the problem is often inside your head to begin with and affects how you present yourself to others. 

At present, a fully drawn $250K HELOC with (optimal credit) would offer an indexed rate based off of Fed Funds or Prime + 3-4% rate (depending on LTV, Property Type, Credit and LA) currently pricing at between 8.5-11% (11.5-13% w/lower credit) and interest only payments of +/- $2000 but the qualifying rate and payment for underwriting would be nearer $2300+ (on the low end) plus the 1st mortgage, and accurate taxes and insurance. 

I was surprised at how many were my colleagues in the note business.I think it's a natural thing to trust somebody who presents himself as a "guru" more than you would somebody else. 

Partner Driven was interested in the De Gage Drive deal in Prairieville, LA, due to its quick profit potential.