No this has fraud written all over it.

Purchase price: $3,000,000 Cash invested: $750,000 I was presented with an off market opportunity to purchase four separate 4-plexes that are all identical and next to each other.

Purchase price: $3,000,000 Cash invested: $750,000 Off market opportunity to purchase four separate 4-plexes that are all identical and next to each other from the original builder.

The defendant dismissed the contract action, but she filed an action for damages resulting from the lis pendens and the delay in selling her house.The court rejected her claims of fraud, negligent misrepresentation, and promissory estoppel.

@Ron Brady@Scott MacIt does not read as if Ron is implying your identical property as a Caucasian is worth more than his as an American of African descent, that lenders tolerate racial bias, or that lenders are all one race.  

I recently negotiated an almost identical home nearby down to $100k even.MLS Link here.View report*This link comes directly from our calculators, based on information input by the member who posted.

The Statute of Frauds states that among other types of contracts, those involving real estate must be in writing. https://corporatefinanceinstit...There are 3 basic elements required to form a contract - offer, acceptance and consideration (something of value changes hands). 

I have 2 more in the building that have an identical layout that will each be getting the same treatment upon their own vacancies.

If you do this, you would be committing fraud. 

My current loan is 135k @ 4.125 Secondary home rate. identical neighbors condos are selling for 275-300k.2) What are the terms you are seeing for your cash out refinance?