I went to a seminar the other day a learned some valuable information but it was hard to distinguish if the speaker was just boasting about their intensive class or if they actually wanted to help.

I went to a seminar the other day a learned some valuable information but it was hard to distinguish if the speaker was just boasting about their intensive class or if they actually wanted to help.

On assets like this the stabilized cap should be ultra high so with higher debt service the cash flow spread is still good.I hope you find the loan you need but it sounds like you are looking for miracle terms for the asset type and location. 

I just took my broker classes through them and they boast a high pass rate than the state average.

The response has been ultra sluggish and slow.

Like Paul, we will not boast in anything except Christ, who is our rock.I would advise you to read J Scott's book about Flipping Houses. 

Thanks for the reply.I definitely feel like my estimates are on the high-side, but I'm trying to be ULTRA conservative when it comes to estimates only because it's my first ever project. 

As for having equity in my properties I have generated tons of it, much when I buy. but unlike ultra conservative investors I "move my equity" to higher paying investments. 

As they move up the net worth ladder investors tend to want less headaches and move into higher quality assets where ongoing cash flow is a little less but long term equity growth prospects are high.There is generally not demand for low income areas except for investor buyers searching for yield to deal with a headache versus ultra high quality areas where investors will usually pay  a premium to a seller to own in an area.

You have to be ultra careful because with this length of time holding the property a lot of things can go wrong and the market can change temporarily for the worst due to weather, holidays spike in interest rates, sudden oversupply etc...