The bank from my understanding will be writing off a loss on this loan as there is not enough money to go around.Here is where it gets interesting, there is a second lien on the properties from a seller of a hotel that the current owner of the 21 unit bought seller finance. obviously there is not enough money to get this guy paid off as the bank is already taking a loss.

I tell my grandkids all the time: hard work and vision trumps everything else.

One of the "devilish" investors I once worked with actually devised 2-step bidding strategy involving 1st win by OO, then deliberate release BOM with loss of escrow deposit, at which time it would fall right into the lap of the investor who would submit a bid the NIGHT BEFORE status in MLS changes to BOM.

Our current Go-To is Land Vision.

Closing with our backend buyer for $425,000 on March 31st, 2024 we witness the culmination of our efforts, a testament to the power of vision and perseverance in the world of real estate.

Real estate is a very expensive game and you need to make sure that you are financially stable and able to withstand potential losses.

Buy something 'out of favor' right now to maximize equity capture either in traditional stocks/ mutual funds or that amazing RE opportunity off-market that nobody else has the vision for.  

This swift action minimized potential losses and showcased Partner Driven's strategic flexibility and efficiency in real estate investments.

This swift action minimized potential losses and showcased Partner Driven's strategic flexibility and efficiency in real estate investments.

I stewed on this for a bit but found that it was tough to stomach being diluted 25% percent from the jump as a breakeven project would equal a significant loss of capital for myself.