Out of curiosity, did you arrive at Prosperity after talking to a lot of other lenders?

Just out of curiosity, why wouldn't you want to get into owner finance?

I understand your comments and concerns that i'm way off base.I didn't expound enough on my original post to include that i'm assuming all purchased non performing notes would be taken through a foreclosure process of some sort, whether via friendly foreclosure, quit claim deed, etc to convert that debt instrument into real property.Out of curiosity, why would it be unethical for an attorney to handle the foreclosure process without assessing any fees for their time?

Out of curiosity what is the price difference?

Therefore, ask for a little higher don't sell yourself short.What banks list at is often a function of state law, the amount required to pay off the debt accrued and will ofetn be different than the :market vvalue!

Do you write a check back to them each month or do you accrue the credits and send checks out at certain points in the year?

Since I as of yet do not have any commercial property, this is nothing more than morbid curiosity......I've heard that cashout on refi's in the commercial world cannot exceed 20% of loan amount regardless of LTV.

Nick, out of curiosity, have you found trying to develop relationships with sellers helps?

It seems like the benefits of adding new insulation would accrue to the tenants through lower utility bills, not to me.

Publication 535 states " Generally, mortgage interest paid or accrued on real estate you own legally or equitably is deductible." and "Certain expenses you pay to obtain a mortgage cannot be deducted as interest.