Hello BP Team…We have a contractor that left after the 2nd Draw and stole materials.

It is a standard conventional loan and was offered as a promotional financing by builder at the rate of 5% for investors. 

At the end of the project's life the land must be restored to a natural state and the materials must be recycled if possible, eg. stripping out metal, etc. 

Quote from @V.G Jason: BP agents are gutter material.

Here’s an example, I just took a trip across the country, and decided to visit some “popular“ OOS investment neighborhoods that are promoted here on BP.

(after I deduct all the labor/material costs). 

not to mention you can go on E bay and for 50 bucks or less you can buy any Guru's printed materials or tapes.. they all give them at the start of their seminars in exchange for the big fee's folks pay to go.. 

Scrren PMC's by asking if you will get the material invoices AND the actual invoices from any contractors they hire. - Be prepared to pay for a PMC's time!

While James' mentorship program promotes the success stories of students making substantial income, the reality on the ground tells a different story.

- Run a cost segregation study on this property in 2024 and you might have $100k on line 18...Without diving too deep on this post - If you run this scenario as a real estate professional while materially participating in the property, You'll be able to reduce your's and your spouses taxable income that year...