Actually since relocating to So Cal we've been so focused on getting business established that I'm online far too much, looking for land, etc., and it's easy to pop in to BP.

a 20 unit apartment building is a different game - are you sure the money is worth it to you?

You have to keep your head in the game and stay FOCUSed.

So in other words, even though you might have an LTV of 25% the bank may not let you get back the money you put in as then they will be the only one with skin in the game.

Plus I got the Cash Flow game.

Now on the final coat he is playing the same game of not answering my calls or texts.

If you mean for getting a loan, then anything is fair game.

I am impressed that and you already noticed opportunities in tear down and rebuilding this early in the bowl game.

Congrats on jumping into the game!

No real rule of thumb to say a discount will be X%, depends on many factors.I agree with Wayne that you'd be better off with private money, problem is they are usually short term, but there are some little old ladies that would love to get 8/9% for 10 years for the grandkids, but that has other issues too.Now, if you're buying a 100K property for 70K you might do a 90K loan and you may get the 70K, the trick is not to go over the market value of the property and show that you have skin in the game or compensate for the skin like a pledge of other assets.