It's important for both parties to fully understand these risks before entering into a second-position loan agreement. 

Here the agenda behind the prohibitive zoning is anti-gentrification which is merely going to result in disinvestment because developers are restricted on design and density and will simply invest elsewhere. https://codelibrary.amlegal.com/codes/philadelphia/latest/ph...

But it's not simply locating rich people.

He simply refuses to answer that question insisting that we should know what we are doing.

If this is a large brokerage I would see if there is a better agent within that brokerage than the one you were simply handed when your previous agent left.

But the main reason I came back after the app was eliminated was to simply help people not make the same mistakes I did.It would be cool to somehow improve my knowledge, networking etc thogh.

If Eli operates his business correctly he will personally be fine and given the collateral is an FHA property the transactional costs simply don't justify the added transactional expenses if a risk analysis were run.

Ultimately a 1031 would have been the smartest move to buy another property and simply do a cash out refinance in 6 months to have access to some of the funds.

It still amazed me how few real estate brokers, residential and commercial, simply do not answer their phones or reply to emails/text messages in a timely manner, if at all.

I am entering escrow tomorrow and although I have reviewed all the various data from this property I am still "inexperienced" and we all know that although a buyer's agent has a fiduciary they are still going to have a monetary agenda so if something might be on the fence they will shine a positive light on it.