Rock on, Pavel!!

Bigger pockets rocks!

We also had a small water leak that required a pipe repair and some sheet rock being replaced. 

@David Ward  It might be differant in differant areas, but for me it was the county tax assors office that produced the discJosh

Simple, people have thousands of dollars setting in their savings accounts, money market accounts etc... that are producing close to a zero percent interest rate.

I can't wait for the day that my RE portfolio is producing enough so that I can swoop up a Lambo :)

I would be driving for dollars along with sending out mailers, and looking for a duplex to buy and hold in order to free up money to use for investing.I think that finding a duplex would solve some of my financial limitations with getting into investing, and doing the driving for dollars in the meantime may produce a deal as well.

HLU CURRENT FOCUS: Type of Collateral: Office Buildings Apartment Buildings Shopping Centers Mixed Use Owner-Occupied Facilities Light Industrial Hotels/Motels Churches Gas Station/Convenience Store Vacant Properties (not land) Marinas Lending Parameters Overview: Loan Size:$1,000,000 to $50,000,000 Interest Rates: 11% - 13% LTV:Up to 75% on income producing properties CLTV:Up to 90% on income producing properties Origination Fee:3-8% taken at closing from the loan proceeds Loan Terms:1-3 years Cash Down:Borrower needs at least 10% cash into project (acquisitions) Letter Of Intent: If a prospective client meets our lending criteria, we will prepare a Letter Of Intent FREE of charge once we gain the following information: 1.Name and address of the borrower 2.Names and addresses of the principals of the borrower 3.A detailed description of the collateral including he entitlements (recent appraisal) HLU Lending Group, Santa Clarita, CA

:rock: And, Will, it still seems that you are STILL skipping over my argument that you referenced no earnest money as a factor of this "current market", and my point is that it has nothing do with the current market.

The property will produce a 13-15% cash on cash return.