The presale of new construction is completely gone because too many investors got burned when builders promised 12 month builds and took 2 years to complete - the interest killed them. 

The loan officer was aware borrowers planned to use it as a portfolio rental so the only thing this "special loan" would accomplish is burning the relationship. 

At some point if you want to be an Entrepreneur you have to burn the ships. 

Maybe it's burned to the ground.

I say we skip the fines and just burn them at the stake, then leave the bodies on pikes as warnings for those to come 🤣🤣🤣

Analyze well so you don’t get burned.

Reputation and referrals matter.I invest out of state, and I’ve been burned by bad contractors before—it’s a fast way to lose money.

One thing I did note is my insurance is $3K a year lower due to the monitored fire suppression system in these larger properties versus my smaller properties that sleep 12 or less built close to the same time.As someone who has lived in Illinois twice, the politicians there don't care if people burn as long as they can tax and spend. 

My best guess would be you had carryover losses but consider the opportunity cost of burning them up. 

Can anyone give me a candid review to ensure that I wouldn't get burned from this VA company  me and my partner can testify, closing our 2nd for the month in 10days, $11k spread that we anticipate