I use to load and unload intermodule frate!

In the 80's we were into finding deals with assumable loans, (and by the way, for all the whiners about how the rates have risen, assuming 11% was a real deal then), and holding for the long term, because we couldn't unload anything.

I think that's a fairly unusual way for banks to unload properties.

Seems pretty likely which ones are more motivated to strike a deal and unload their inventory.

Their was an auction here last summer and the auctioner had to stop and remind everyone that the sale of the house did include the land and lumber :crying: .

Lumber liquidators has unfinished oak for .99 an sf but if your enviroments humid or hot, or damp you NEED machined like above, this is thick real hardwood and those environments expand and contract it so much it is a nasty problem.PAINT TIP:Interior exterior paint king?

You can take an apartment building with problems say 40% occupancy and deferred maintenance and bad tenant mix and management problems and use commercial hard money.You will have to figure in the high debt service while turning around.Once stabilized you will refinance out at the new value up to a certain LTV.Take the money and do it again.The larger the project the more the potential ARV spread after stabilized but the more risk.The larger projects take more time to turn around so the churn rate on the money is slower.What happens and I have seen this is people run out of money and the property is taking longer to stabilize than thought.Then you have some money left but not enough to take down a property yourself until you unload this other deal you bought or refi.You then start partnering with different people on different projects which can lead to a mess.You don't just want to grow out of impatience or doing more deals and then get involved with the wrong people or overt extend yourself.You want smart,well thought out,controlled portfolio growth that is highly calculated.

If he's honestly looking to unload a group of rental homes to a cold caller, I doubt you are the only person he's mentioned this to.

As reputable as Bruce Norris is, do you know anyone in the southern California inland empire you could unload a half-finished flip to if necessary?

Maybe I could find someone wanting a big, old house, or office space, who might want to unload some rentals.