Lakefront vs non-lakefront plays a huuuuge role, so does 1/2-mile from a ski resort.

Today the US Gov't and the backbone of the global economy announced that the Treasury has reached its debt limit and resorted to extraordinary measures to keep liabilities paid and the government operating.

Many are like glorified used car sales people that will sell you out in a heart beat and can't see the forest through the trees and are NOT thinking about all the future business they could have received from a true player like me.My advice to newbies that want to invest in true Multifamily, to go in on their first deal with others that invest in that area.   

I would only offer him money as a last resort in addition to pay off.

It would be great to introduce you to some of our key players and to the rest of the leadership team.

Pay cash as a absolute last resort with a plan to finance asap.

Since you are now a lender, you may be subject to the same rules that BofA, Chase, HSBC and the other big players out there are subject to and if you screwed up anywhere in the process, you could have a bigger issue on your hands than you wanted.

Please connect with me or send me a private message.I'm new to investing and been going to the MNREIA conferences and networking with big time players in the real estate industry so far. 

I live in a ski resort, vacation town in New England.

I do, however, think that I've peaked as a rugby player, for what that's worth :)