The price has dropped once already primarily due to some pretty substantial deferred maintenance that the seller doesn't want to deal with (new roof, retaining wall, some dry rot).Looking at COCROI/Cap Rate and other numbers, the place looks to cash flow handsomely already – around 1k/mo with existing tenants at existing rates.

The deal is good enough to do either with a very handsome profit.

I guess you are either smart or handsome.

None have qualified for our direct HUD programs and we haven't seen much new construction in general, but we have seen some individuals buy distressed assets around the $5M-$10M range, stabilize, and make a handsome return throughout Texas. 

No allowing borrower to put second position loans behind you... this creates issues if you have to call the note.. you cant take a deed in Lui if you have a second and they won't release so it forces you to the full foreclosure process.LTVs are personal choice.. if I like my guy or gal and have tons of experience I can do 100%  no problem but I get paid handsomely for being their money partner not just HML rates.but for this post as low as LTV as will make the deal work is what you want.You want borrower to have some skin in the game ( unless as stated you have a multi year track record with our borrower).. the more the betterPoints and rates..

That could be a handsome tax write-off.... my coin.Kudos,Mary

I've profited quite handsomely and rents have been rising every year in my area for the last 5 years.When it comes to multis dont just buy any old "good deal" What makes it a good deal?

For those of us who continued to invest and dollar cost average we were rewarded handsomely.

Looks like a handsome profit.

But in a nutshell, I know how to get 500% returns within 6-12 months by investing money in increasing the revenue of local businesses and getting paid handsomely for it.