If you are using a loan, well there is simply no inventory in Cleveland.

So if the LP's have enough cash they simply pay the loan off and own it free and clear.. but the size of the deals are so large raising cash to pay off debt simply is not realistic at all so if the property goes into default your junior position investors find themselves wiped out.Further more thats why a debt fund like Chris has can be a good choice for the very conservative investor..

For me, the first pass at underwriting is simply about determining if a deal is worth exploring further.In the current market, I’d say 9 out of 10 deals are dead on arrival.

I’d simply ask in what situations where the broker and the brokers firm did nothing to facilitate the sale do you think you should get paid a commission?

The seller not necessarily settled, Seller simply took the only offer they had.

I'm not sophisticated as Dan, but if you simply do the straight math, it may be close to 10 years before you break even on $190k. 

If you can’t explain something simply, you either don’t understand it yourself or have a self-interest in the obfuscation.

We have become good at it, by simply issue a 3 day letter to pay rent or quit.

Where as realtor simply dont..

Most Heloc rates right now are around 7.75% to 10% so if you look at your blended rate between your fist and Heloc you would be better off doing a cash out refinance.A lot of people forget or simply do not know that if you do a cash out refinance the rate does go up but in 12 to 24 months if you do a "rate and term" refinance you can get it back down fairly close to where it was at prior.