My numbers and reasonable assumptions have never failed. 

Hey guys quick question, I've searched a little bit through the forum on subject to and assumable loans. I haven't seen anything when it comes to a hard money loan. Long story short this is a flip gone bad(ran out of ...

Is my assumption accurate and what defines the different classes?

You may also look at the Prospers and Lending Clubs of the world to see how much they'd loan you.I live here locally too, and I'd also suggest being *very* careful with any assumptions about value and whether there will be a market to support it in that price range.  

Is that a correct assumption?

The key things I wanted to point out were assumption, negativity and generalization.  

This is always a huge, huge red flag.Banks will loan money on people with some pretty bad credit as long as they put something down...This assumption isn't quite right. 

@Rivers Plowden Your assumption that ALL lenders need two years of reported rental income before they will given income credit is incorrect. 

We leave posts like this up on the assumpting you want to chat with people about market conditions or about being a wholesaler. 

Few assumptions are made, and if this doesn't ring a bell,  think 2007-2008 housing crash.