He claims to be Christian Based, but only rips poor customers like myself.

@Nick Rivers, where do you feel you are coming up short?  

I feel like overall there is a lot of unknowns here for the reduction in interest rate to be worth the premium.

Practice analyzing deals, explore surrounding markets if NYC feels too competitive, and stay persistent, closing your first deal takes time but is well worth the effort.Good luck!

I know you feel you are on top of it, and it sounds like a class A or B.

While the current conditions may feel challenging, they also present opportunities to fine-tune your strategy and stand out in a crowded market.Are you experiencing these trends in your portfolio?

Please feel free to DM me. 

If he doesn't need the cash now, you could also negotiate a split you're comfortable with to get him the return you and he feel he should have at the point you refi when the balloon payment comes due. 

I feel my money is best spent building a portfolio of cash flowing units.

We’d like to continue with this project remotely, but the idea of managing contractors and overseeing a renovation from afar feels a bit daunting.Have any of you undertaken a similar project?