Sorry it took me a moment to join the conversation, I seemed to have messed up my BP notice emails.Anyway, in my personal own opinion, this is not a good deal to be a lender.

Like Karen said above, they can choose to pay over the appraised value, if they aren't financing all of it.I just had a conversation with a guy who really wanted this piece of land.

We do not speak spanish well.Does anyone know of a service that provides a phone number, takes our potential leaser's calls, follows a script to go through some prescreening, and then delivers the notes of that conversation to me and my partner?

I'm here to learn from all of you seasoned investors and I'm too green to pull the trigger on investing at this time which is why I'm here and jumping into these conversations.

Seems like something like that might have come up in routine conversations.

It can also be a good way to *build* a network - by starting a conversation wtih "Can I ask you a question...?"

This thread will make for some interesting holiday conversation with my brother-in-law.

That is a conversion of business funds for personal use in the eyes of the IRS and makes those loan proceeds a taxable gain.

The zoning is RC-transitional which would allow a conversion back to duplex.

I am not certain by the conversation here how the agent placed your bid.You should be entitled to a refund of your earnest money if the bid was placed on your behalf as an owner-occupant.