During the aftermath when firefighters went into the building to check out the damage, they found dead people with their hands still holding onto the slot machine cranks (machines paid out in coins back then).

Those jokers will make you fix a cracked tile and wood rot that you would have otherwise not even noticed.  

plus i find it hard to beleive in the current environment.. as long as its a credit union or real bank.. if its a joker broker be careful you not being set up to lose up front costs.

Lots of joker brokers out there and right now we are seeing them not close deals last minute thereby really hurting the borrower who has paid for things has EM up etc etc..

I just sent this same info. to @Adam Craig in a message, but thought I would put it out there for all to see:The key to how many conventional slots you have open right now is dpending on how you financed those loans.

You will need free slots dedicated for your range, all three wires.

There are number of ways that you can open up slots to continue to buy rentals via Fannie Mae financing.

One joker thought it was worth $85,000.  6 weeks later another appraiser gave is $130,000. 

Quick #’s- Lot 200k- Build Cost 350k (lots of sweat equity)- All in 550k- ARV 725k- Rent $4100Option 1 - Leave your DP inCF $1,100Cash on Cash ROI - 8%Option 2 - Refinance Take out all your cash and get extra 35kCF $450Two pretty great options.... we start construction on our first two in April... stay tuned for updates... if you want in on the next ones let us know, we may be looking for JVs to keep it going...

Appreciation has been substantial for a long time for anyone holding 5 years or more except maybe for the 2006-2008 time slot.