Difference this time around was the mezzanine piece of equity 20 years ago was debt financing and today it is investor equity. correct, the sudden U sharp decision by the Fed to increase rate the fastest since 1830 combined with three percent cap rate is recipe of wipeout.

And or maybe they have watched to many guru or U tube videos on YOU TOO can do real estate with no money down..   

it doesn't affect people who refinanced when interest rates were low, and it doesn't affect people with no mortgage.https://finance.yahoo.com/news/housing-market-historically-u...now to be clear, i'm not saying it's a good thing - it's not. 

Thank u so much Yukiko 😊🙏🏾 

Rock solid paper and the discount was the same as we were doing 7 year term at 13 or 15% cant recall which one.. if you have enough spread in what U pay for the dirt and can then sell it for its a great way to do this. 

Although I have yet to see a lender that will make a 20k loan like them.. but then make a 100,000,000 dollar loan and since they say its their own money well U know total BS as you stated

However, they need to act quickly because these markets move so quickly. https://www.noradarealestate.com/blog/syracuse-real-estate-m...https://www.attomdata.com/news/foreclosure-trends/u-s-forecl...

U use our capital instead of credit cards there by having a very easy time refinancing me out of your deals. 

If u get the book BRRRR by Daniel Greene (can buy it on this website) he provides an amazing pdf presentation for investors u can use.

Quote from @Rob U.: Quote from @Kevin Si: Thanks for the advice, Rob.