Jim works with a variety of REI.  

Is 8k - that depends too no the property, location of the property, condition, how much credit you have available, how much income you come in, etc.Its really different what each person can do based on a variety of criteria once they know what they have that's an asset.

This will allow us to phase back into "normal" life earlier than some other areas that have seen a higher impact, like New York and California, or destinations that see lots of crowding like major theme parks (Disney, Universal) and cruise ships- We are very accessible and affordable for a majority of the population, and may even see an increase in traffic as people who would ordinarily travel to areas now considered higher-risk (overseas, any fly-to destination, aforementioned theme parks and cruise liners) are looking for alternative, safer destinations- There's a wide variety of activities in the area that are outdoors and/or compatible with social distancing; the national park is the biggest, but there's horseback riding, zip lines, ATV/UTVs, river rafting/kayaking, fishing, the list goes on and on.I have every confidence we'll see a strong recovery and one that occurs earlier than most.  

I think it’s best to diversify investments and have a good variety.

The Mortgagee would need to obtain an appraisal to reveal the borrower's equity.  

But again, he asked me about my personal finances making the call unprofessional and revealing his alterior motive.

We utilize a wide variety of methods:We acquire commercial buildings and convert them into self storage.  

The emerald coast (Navarre Beach to Panama City Beach) 1Beautiful Beaches: The Emerald Coast is known for its stunning white sand beaches and crystal-clear waters, making it a popular vacation destination.2Growing Tourism Industry: The area is experiencing steady growth in tourism, which means a steady demand for rental properties, making it an attractive market for real estate investment.3Outdoor Activities: There are plenty of outdoor activities to enjoy, such as boating, fishing, golfing, and hiking, which attract both tourists and residents.4Excellent Weather: With mild winters and warm summers, the Emerald Coast enjoys excellent year-round weather, making it an ideal place to own a vacation or investment property.5High Quality of Life: The Emerald Coast has a high standard of living, with excellent schools, healthcare facilities, and a low crime rate.7Diverse Real Estate Options: The Emerald Coast has a variety of real estate options, including beachfront condos, townhouses, single-family homes, and investment properties, to suit different budgets and preferences.8Favorable Market Conditions: The real estate market on the Emerald Coast has been experiencing steady growth in recent years, with strong demand and increasing property values.9Proximity to Destin-Fort Walton Beach Airport: The Emerald Coast is easily accessible, with the Destin-Fort Walton Beach Airport located nearby, offering convenient access to major cities.10Active and Engaging Community: The Emerald Coast has an active and engaging community, with plenty of events, festivals, and activities that bring people together, making it an excellent place to live and invest.

The sale price won't be revealed until it closes.My best guess is that Covel will sell between $370,000 and $400,000.

We will sometimes accept other real property collateral as additional collateral so the borrower has nothing out of pocket, but obviously this is just a simpler version of the borrower getting a loan on property he already owns and using the proceeds as a down payment on a new purchase.We continue to see a variety of techniques, sleight of hands, and outright fabrications as would be property owners try to slip a “no down” deal through the cracks.