Its much harder to get a loan to open a factory to make widgets than it is to get a loan on a property.

I think another factor is some of the buyers are putting too much stock in the pro formas.

So, I just recently started working at a factory in my town, and although it's far from my dream job, it does pay decent.

If screening was based on a quantitative number system if would be easy put you got to factory in qualitative factors which makes it hard!

Build a buyers list then find a property, find a property then buyers will come - common discussion/argument on BP and elsewhere.While the comments in this thread and that on the podcast are for forgetting buyer's lists, I personally disagree but only to an extent.Key factor is getting a real deal that has a real spread.

I spent a 4 year term in the Air Force immediately after high school and then worked 5 years in a factory job before I wised up and went to college, graduating in 1994.

If other doughnut shops open in your area, the cost of grease goes up, a factory may close, disposable income drops, you may be out of business.

I know returns can get a lot lower there but once you have enough money and cashflow that wont be so much a driving factor. I

So, the real factor is whether or not the borrower is willing to do the deed in lieu.

It's not that expensive to do and the upgrade factor is really significant.