Alfred Bell I believe it only applies to banks, so you're safe.....At least until they reclassify you as a bank via Basel IV!

There's a chance the whole thing will go belly up, but you should get back your earnest money if you stick with all your timelines.

Are you using a direct lender or merely a loan broker with no juice in the market?

If you can make just one storage unit for starter do so before making six (or more).4 - Do the low hanging NOI-optimizing tasks first, then move on to razzle-dazzle projects.5 - KEEP THOSE INNOVATING JUICES FLOWING!

You have to do the calculations to determine if the juice is worth the squeeze.

What I cant really seem to get from anyone on the ground is a no BS answer as to if the juice is worth the squeeze in this particular market.

Without boring you with a ton of details, I began a renovation on a mostly occupied building, with a fairly educated budget, an arsenal of tools that would make Bob Vila jealous, a 360lb back squat max, and a belly full of piss and vinegar.  4 months later I am crabby, exhausted, carrying some credit card debt, consuming espresso like water, and just want to lay in a hammock for 3 days and drink myself to sleep until its time to lift weights again, and think about a better way to live.

The only reason I got that job is from a personal recommendation of someone who saw the fire in my belly and my willingness to learn.I’m now gleaning the wisdom from guys who have been in the biz for over 35 years doing awesome deals.

stick with lenders that perform there is plenty of juice in the deal to pay them.private lenders you may find at reia s etc or family and friends.. not generally or at all on the internet that's were you run into the scammers.

The first chart lloks like a bell is forming. resist the urge for a bit, I think.Here is last months chart.