Then a steel stud wall, with a foam isolation gasket under the floor track, barneyboard and PVC trim.That's how we insulate an interior basement wall in rainsoaked Western PA with readily available materials that give us the best possible chance of not having the finished basement turn into a mold factory on us over the long haul.

Another factor is there is no right or wrong way to do real estate.

Consider 14% of all people living in the state of NY live there, the population is 2.6 mil....all of LA is 3.8 mil and the BK hipster factor is going off the charts.

During the due diligence process I found out that it was primarily a toy factory and then later part of it was used a foundry.

I looked a few threads down and found this answer in another post: Will Barnard Moderator DonorReal Estate Investor from Santa Clarita, CaliforniaMar 10, 03:15 PMVotePro 12,125 posts5439 votes20 awards ConnectQuoteReport Abuse The senior lien is certainly in a better position than the second, however, the most important factor is the total loan to value.

Typically the most limiting factor is the value after completed vs the cost build it out.

The biggest factor is with "value add". 

With that said, I want to mention that I hope people will consider the human factor here as well as the profit factor; with the human factor perhaps outweighing the profit factor. I

They prefer monthly payments than a big sum of money (the annuity factor).I feel like your offer for $477k, 1st position, makes great sense.

Knowing everyone in a factory is great. but you can't base a business off of knowing many in one industry really.Write down 100 people you know, they need to be people you can approach about you getting into RE and who would be reasonably receptive to you approaching them.