People with credit generally dont like to lose it.

As for your first venture.

On my current venture, we bought out all of the prepays and got a not so good start out loan that we were going to use for about 2 or 3 months until the home was complete.

We're gonna do due diligence, full title search, appraisal, inspection yadda yadda yadda and if everything is everything we DO NOT want to lose this deal.

As a private corporation, we're not required to share such info, but I give my word that we're not making buckets of cash, and in fact are losing money every month due to our redevelopment.

I believe his fund was up closer to $10B for the year.Many, many people are losing their homes because they were fooled into thinking prices only go up.

Blackjack dealer Betty gets a few tips from Bill as he loses that check.Betty takes her tips and heads to the bar to drown her sorrows over a few shots of tequila.

So, at $300,000, you lose $300/month, and at $250,000, you're just about break even.Jon

He had been hoping to buy after prices fall even more. (2 rentals plus his home)With the economy being what it is, he is concerned about banks failing and losing half or more of his money to runs on the banks, a recession/depression, and possibly losing that house unless it IS paid off, so is thinking of paying the mortgage off.

I would like to be as professional as possible, and avoid calling back and forth and wasting time for seller and buyer alike, and perhaps losing the deal.3.