If they are able to generate these numbers consistently, they are going to have massive profits that they can reinvest OR they will be able to get bank/investment company financing.Most likely it is a newbie that went to a "get rich quick in real estate using leverage" seminar...and is trying to drum up $$$ through anyway possible.In the alternative, it is a scam, probably a ponzi scheme.Either way, nothing I would want to be associated with...

It's just not for me.JMHO,Vicsimply put fine minds think alike.. the CC BS is one of the worse things I see promoted.. its one thing for someone making a few hundred grand a year and wants it for over flow and can easily stroke a check to pay them off if it does not go well. but to have limited reserves or capital and then go into massive CC debt is really really risky.. and it hammers your fico on top of it. 

The house boasted a full finished basement, designer finishes throughout, massive custom closets and a chefs kitchen.Renderings NumbersLocation: Berkeley Heights, New JerseyOwnership Structure: Project Specific LLCWork Description: Add A Level / AdditionFinancing: Hard Money / Private Money LenderDuration: 12 MonthsPurchase Price: $455,000Cost of Construction: $400,000Sales Price: $1,250,000Holding Costs: $100,000Selling Costs: $65,000PicturesClick here to see all the listing photos on ZillowClick here to see all the listing photos on ZillowVideosInterior Progression VideoKitchen Progression VideoVideo WalkthroughVirtual Tour I hope you enjoyed walking through this project with us and found value in the information shared herein.We'll continue to work on and improve these posts so that we may share our experiences on future projects.Please feel free to respond to this post with any  questions or feedback you might have. 

The economy is ramping up in that area to support the massive drilling/fracking that is to come with housing being a major player.

So I'm trying to use my USD to buy real estate through two currency proxies that both have massive price swings (up and down) and then I have to hope they buy a solid piece of real estate, the ICO isn't a scam, the operators are good, and who knows what happens around reporting income, taxing of that income, etc.  

A 50k loan would be like a gnat to them and a massive headache figuring out how to get rid of in an out of the box area.

Needless to say we don't owe the bank but $30,000 after paying $120,000 and made massive improvements while living here that we are going to list it for $50,000 more than what we paid.

Personally there is nothing I could have done 10 years ago to build the same equity and massive cash flow machine I have today with multifamily.

FYI , we do have the storm drains and retention ponds (massive ones, addicks and barker reservoirs, near me will hold 510,000,000 cubic meters combined), etc. the cost here is likely lower because of the shear number of "undocumented" workers, and no snow loads to speak of.

The money is made in the action steps, so be prepared as they say, to take massive action.