Property was on market for about 170 daysI originally started the STR plan for tax benefits and plan to do cost segregation as i fall into high income bracket (37%+ 11% state) saving around 50k for 600k property.I have no plan to personally use the property and this is purely investmentI thought i found a great deal because properties in the area are selling for 205-220 per sqft.

. - BUT, it also appears old and probably a symptom of the original house settling.

@Tanya Maslach What was the asking the price and what was your original offer?

Your original post has most of the right questions to ask (and find out by yourself) about the developer.

We originally used them for our flips, but now we sometimes wholesale broker through them.

If this is financing for a stabilized property rate carries more importance but rate combined with origination fees, pre-payment penalty and term in which you intend on keeping the loan in place are all considerations which together should help in deciding the best financing option.

Originally posted by @Rick Albert:Hello Everyone!

They end up dumping more money into a sinking deal in hopes they can save their original investment.I think it's important to look at the quality of the syndicator.

(It ended up selling about 9 months later for less than 2/3 of original asking price.)

Originally posted by @Brandon Brock: Yes Mr.