Why issue debt at such a high rate if there wasn't some sort of risk that commercial lenders are unwilling to take?

I have not received favorable terms from the local bank I worked with on the original loans, and they are unwilling to work with the RV Park whatsoever.You may look for cash-out refinancing.

Very inspiring to see someone with such poor social skills achieve their goals so quickly! 

They then use their new knowledge and skills to take on bigger projects which they then BRRRR to scale more aggressively.I don't know a lot about North Carolina but I know there's investors there seeing great success. 

They go over a lot of the fundamentals that I completely agree on as a high skill operator in this space.  

Their perception of their skills far outweighs their actual knowledge, leading to costly mistakes.The other path is paralysis: they begin to realize how much they don’t know and become stuck, afraid to make a move.

Should the debtor be unwilling or unable to pay within the described time allotted, the note holder can foreclosure.Depending on state law foreclosure can be judicial or non judicial.  

I moved from CA to OR where I intend to hone my skills and grow my real estate investment business.Have a blessed day and prosperous year! 

@Trenton MillerHey Trenton,Land valuation is the most important skill you will need to develop, and honestly, the only way to be better at it and not just take someone else's word for it is to truly understand zoning.

This gives me access to a large network of skilled contractors, including plumbers, HVAC specialists, electricians, and general contractors.I’ve identified a promising opportunity with an auction property, but I’m unsure how to accurately estimate rehab costs with only a small window to do so.