Note that this doesn't work a week or two out, as they actually have to have time to be closed in order to be your comps 1, 2, or 3 that are given the most weight.

The less equity you have in a property, the better the return.If you have a property worth $100k and see 3% appreciation, you've "made" $3k no matter how much equity you have, so:Free and clear ($100k equity)  = 3% ROEOwe $50k  ($50k equity) = 6% ROEOwe $80k ($20k equity) = 15% ROEI had that in mind, but that's why I said only 5 years, because the 15 year ROE rapidly drops off to be less than the 30 year loan.

What worries me is some other local investors do not know of him, but our head of REIA recommends him which carries some weight I would think.

I'm looking for a hard money lender in Grand Rapids, MI, does anyone have any referrals/recommendations here?

Any support you give Chris would have more weight if were at least not so disingenuous about this.

End of the day it will come down to your profitability in your company.. you balance sheet and then how much weight your PG carries.  

Here in the Denver metro the market is changing rapidly so it's tough to keep up with.

Not to mention, the rapid transit is supposedly going to have a stop in downtown Fresno - I have yet to see more on this though.

I'm in my current residence in Grand Rapids, MI for almost 2 years now via FHA.

Those areas are experiencing rapid appreciation and are a stones' throw from Riverdale.