Are private lenders, trust deed investors, etc. in danger of becoming extinct?

Bleach is dangerous so be careful.

Would that still be dangerous?

You have no experience or idea of the process or the dangers that lurk out their.

On those that I did, I had such a huge spread in the deal, it was not a danger to profitability.There will be times that you will get into a rehab and discover some items that were impossible to see upon visual inspections, but in most cases, these items are not so expensive that they are a danger to your profitability, they simply cut into some of your profits (which should be large to start with if you do it right).In my rehab video series, I rehabbed a home where the floor boards in the kitchen and master bath were found to be rotted and needed replacement.

LOL, It's like my kids comming in and asking how to spell a word and I tell them to look it up, they learn in the process, if I just tell them, it won't stick as long.You're getting into sticky territory here, you really need to get with your broker and forumlate a marketing method and "program" that the broker will approve of!

We had one 43-unit apartment and calculated we could have 14 vacancies before we would pass the break-even amount and be in negative territory.

I have lots to learn but I'm sure with all the information on the site and all the experienced investors here I should eventually know enough to be dangerous!

Oddly enough the "money" was gone in a flash, but it took the bean-counters YEARS to recognize the theft (while the favored few enjoyed their playground without a clue).Of course when your accountant's name is MOSES, your *** is gonna be dragged at least 40 miles through some tough territory...http://www.newwest.net/topic/article/yellowstone_club_how_to_go_broke_on_375_million/C35/L35/Just another story of money returning to the vapor it was, nothing serious, a few might get slapped, but NOBODY IS GOING TO RECOVER VAPOR PAPER here or elsewhere.

Now you're got a great deal, even if this is three or four units.If its more than four units, you're in different territory for the refi, and it will be more complex than you're thinking.Frankly, I think you're being taken to the cleaners by a group of people who know each other much better than they're letting on.