Unemployment 5.1%, economy growing at a 2-3% pace, low inflation, etc. but the major difference between now and then is the absence of no-doc or "liar loans".  

I have access to those and they help figure out the pace the project has been selling at and how much the builder might try to discount/ offer other things not mentioned by the sales rep.  

Originally posted by @Jeremy Pace:@David Krulac oh man, I totally forgot about coal!

I agree with @Jeremy Pace 100%!

Originally posted by @Jeremy Pace:@Josh NaborsYou need to ask for the exact amount of the taxes and insurance.  

See the link below:https://www.biggerpockets.com/users/systemsqueenNotice her user name there at the end ;)Her presentation at the DIG meeting on September 28 was a bit poorly paced.

Originally posted by @Jeremy Pace:@Andy BallesterYou're better off selling it and taking the cash now.  

Thanks  @Jeremy Pace!  

They work for their lenders, and the properties (and their obligation) have to keep pace with the lenders, the costs, and their lifestyle (assuming they are being paid by the properties).The Millionaire Real Estate Investor by Gary Keller, Dave Jenks, and Jay Papasan contains a number of great investor profiles at the conclusion of the book.

Cash flow the new loan to pay it off at the same pace and you accomplish both goals and only have 1 Lien on your property, at more favorable rates than you will get with a 2nd.