It is simply impossible to justify that value in that area.

So while not impossible but rather in the ranks of less likely, I don't see this borrower all sudden posting the significant cash needed to pay down the second lien.

Same thing with me... trying to improve my 30% under market value purchases but it seems almost impossible at this point.

It doesn't mean to go with the cheapest guy necessarily, but definitely get a few different opinions.4) Too hard to estimate without more information, but expect the costs to be in the $4000 to $6000 range for a permitted job from a medium-large deck company.5) Without knowing the size, impossible to say.

It will probably be more difficult to find a private lender who will go 30 years out but if you offer a well secured, high yielding investment it is not impossible.

Another thing to consider, (and maybe someone else can chime in on this) I've heard that Philly has become a NIGHTMARE for investors ever since that building collapsed a while back.At my local investor group people were telling me permits are damn near impossible to get anymore and you need architects and engineers to even get anything approved.That could get costly very very quickly.

When your local market is in an impossible market cycle, hence the amount of French, Canadians and others going to Florida.

This makes it almost impossible to build up enough equity to refinance in 5 years to pay her back while still maintaining a positive cash flow...Thank you again for your suggestion!

Hi Igor,Impossible to say without looking at the flyer.

I think what's killing me in the apts < 200k that I've been checking is the low rentals they have and leases that aren't due till the end of the year which makes it impossible for me to get in , renovate a little, and charge higher rents.