Dealt with selling vacant lots that had great potential for growth and appreciation.

The broker’s loan is some variation of an interest only loan, but it also gives you the ability to make a minimum payment that is less than the interest only payment.

Our site has been experiencing tremendous growth, and this growth has led to a difficult day.

However, northwest San Antonio is exploding with growth, most of the buyers being wealthy foreigners from Mexico, its as if the subprime slime doesn't even phase the Austin and San Antonio markets, I love seeing even 8-12% /year gains on this current slowdown where Glendale, California people are selling 50-60 K below market value just to be able to sell.

Done correctly the old property will cash flow and you can grow the portfolio.

The last is not very good for you and could legally impact your ability to work on the property.Assuming the seller is not a bank then they have a problem property.

Maybe I am too fearful but I don't see anybody on these boards talking about the credit crunch much and how it will effect their ability to resell the homes they are trying to SS.Or else, you somehow think these lenders in trouble are going to help us SS investors get more deals approved.

KY might be worse than some.I know some note investors who will only buy notes in trust deed states given the ability to foreclose without any redemption rights.John Corey

6 months ago they could probably refi given some equity and the ability to "fog a mirror".

Although the deal didn't work out, I admire your ability to view it from a best/highest possible use standpoint---in this market, investors need to get creative with respect to value creation...Regards,Scott Miller