@Cedric Van Duyn, you make a great case in point illustration.  

That is a tough situation, and perfectly illustrates the risk of hardmoney.

You’ve spent enough time and money to turn this fix and flip into a pot of gold, so make sure your photos illustrate that.Hire a Real Estate AgentYou’ll need to decide whether you are going to try and sell your property alone or hire a real estate agent.

I know that David is not advocating strictly appreciation based investments but the comment was a great way to illustrate flexibility. 3.

Is this 50% like the book illustrates, supposed to be used to pay for personal bills or just personal wants like a new bike or some clothes I may like?

What I'm about to say it not to brag, but solely for the purpose of illustrating a point.In the last 6 months of 2019, my company made 1.1M in wholesale profits on a total direct mail spend of 18k.

Would like to share something that you may find interesting and we can learn from.I found this example in AD Kessler A Fortune At Your Feet Book on page 108 in his book.Just as you can assume a mortgage in a residential property - one can do the same for a building as illustrated in his book !

Although, this just further illustrates the problem.

(this is predicated on the borrower paying, if the borrower is not paying, then there is no choice but to pursue FCL) Having this maturity come and gone is not some huge problem at all but it does illustrate without too much diligence the borrower's credit is not good and the borrower can not create an exit from the loan.

Mathew*I know some of the numbers I used are Portland specific and some are metro area-It's not ideal and at the same time, they still illustrate my point :)