Purchase price: $123,000 Cash invested: $103,000 condo in man gated country club community, prices are soooo right, 5 pool 4 tennis courts, 1 adult only pool w/jacuzzi, caban,fire pit, daily activities for adult and kids,boat slips.gym, conference room for activities, 24hr checks from security, constant update to property. boat rentals and jet skis, fun for the who family, weekend families and air-b-and-b opportunities.

Between our resort and condos we have had upwards of several 100s of these requests over the past 15 years.

I have also had to call numerous times because they were using the same photo on cover page for 3 other properties in the same resort which is unacceptable.

one thing is for certain its still quite difficult to get development loans.. and spec loans are still quite tough and not really available to those without experience.I did the first horizontal loan 2 years ago that my commercial Oregon bank had done since 06  :)  plus our banks just wont let us get way out over our ski tips they will only give us 12 to 15 spec loans at once.. so only like 5 to 6 million at a time..  

Hi @Joseph Mceneaney ,If you are interested in Orlando send me a PM -- I know of a vacation home resort by Disney that may be of interest to you.

I just recently learned (via my tenants reaching out to me as a last resort) that my property management has been dropping the ball big time so I terminated them.

then go to seller and sellers agent to see if they will pay for the repair, if not, your last resort is court.

Get your umbrellas fellas, and if you head up to the ski resorts plan on getting snowed in.

Most resort areas I have looked at have been very upfront when asking about their policies.

What I have read and heard from people that do this day in and day out is that the banks last resort is to call the note due.