China’s talk of a new reserve currency can be understood in one only way, says the Stock Research Portal Blog: “As an expression of reduced confidence or lack of confidence in the U.S. as a continuing world economic anchor.â€

That is simply - RIDICULOUS!

Feel free to hit me with questions if you like :)Hal Cranmer - awesome reason to start a site...however if you don't have a lot of knowledge on building sites, and your main goal is simply to sell a single property, get on FSBO sites and list it everywhere for free. no reason to make it more complicated than it needs to be!

Good points everyone - Jon, you touched on something that I think is desperately lacking in the education system, and that is practical "life" knowledge - this especially pertains to financial know-how, even stuff as simple as balancing a checkbook.

What he does and did is no reflection on you simply because you hold a similar license with the RE commission.I have no idea how good or bad of an agent you are, but the fact that you mix it up here with other invetors tells me you are more savvy and professional than most others.Bottom line here is I am not or did not attack your credibility or profesionalism, yet you insist on arguing that I must have done something wrong to deserve not getting the deal.

We are referred to investors and agents every day due to lack of knowledge by the title company and/or attorneys.

You job is to see through their falsifications (for lack of a better term) and not overpay.Good luck.

I think the biggest problem would be coming up with the 20% needed to make these numbers work.Purchase Price:$2,350,000Property type: 72 unit ApartmentYear Built: 1970Rentable Area: 58,211 sq ftLot Size:: 124,823 sq ftCurrent Occupancy: 89.19%Purchase Price: $2,350,000Assignment Fee1: $100,000Cap Rate2: 10.77%Net Operating Income3: $253,078.29Pre-tax Cash-flow4: $102,986.01Earnest Money Deposit5: $21,500Down Payment: $470,000Loan Amount: $1,880,000Amortization Period: 30 yearsInterest Rate: 7%Mortgage: $12,507.69Loan To Value Ratio: 80%Debt Coverage Ratio: 1.5044Unit Mix: 24 1/1.5, 47 2/2, and 1 3/2Scenario A:You'll purchase the property at a 10.77% cap rate (based upon his actual numbers), DCR of 1.6862 (assuming you get financing at 80% LTV with 7% APR); and you should receive an annual pre-tax cash-flow of at least $102,986.Scenario B:You could increase your cap rate to 12.1%, your DCR to 1.8949, and the yield of your annual pre-tax cash-flow by nearly $32K simply by reducing your vacancies and collections (from nearly 11%) to 5% of the gross rents (which is the norm for that area—so it's doable).

If you have an investor lend you money - that investors is not in a flipping business, he is simply a lender, loaning money to you.Let me reiterate what I said earlier: you should contact a professional and discuss your situation in details to get a proper guidance, you can only share limited amount on the forum... based on the above discussion I can't say that I fully understand your business model, if we were talking on the phone that would be a different situation, I can ask any clarifying questions I need to get a full understanding in order to provide you with correct guidance...

There are a handful of reasons why you could get a second loan, relocating 100+ miles away, or significantly upsizing your home due to a growing family ect, but simply waiting a year and getting a second loan isn't necessarily going to work unless you refinance that first loan.