Purchase price: $195,250 Cash invested: $45,000 Sale price: $485,000 Rare find Country Charmer on 5 level acres.

@Pete Harper As of last week, I would have told you that you could probably match/beat that rate but on a 30 year fixed rather than the 5/1 ARM for a similar commercial/private product but any loan like this will need to be revisited in the next couple of weeks as non government backed lenders across the country (without exception) will be making modifications to their pricing/guidelines based on the domino effect caused by this stimulus package. 

I just handed in my first offer, fingers crossed, hopefully it gets accepted. 

@Chad Stark, I posted an article the other day on what happened with a lot of Hard Money Lenders across the country.  

Originally posted by @Mary Mitchell:Purchase good quality multi family assets....with that amount you could earn 60-75k ish ayearHi Mary,Do you have any suggestions on what area of the country you would buy in?

With the global economy in a tailspin and nary a sign of it stabilizing, the likelihood those loans will be paid in full — whether through refinancing or property sales that can satisfy lenders — is slim.The shrapnel from this ticking time bomb will be absorbed in virtually every major metropolitan area in the country.

If they spent that same amount of energy looking for solutions, we'd be a better country.

New York; the only place that makes California look like it's part of a free country.

I crossed referenced his info on PropStream as well and he is in fact the owner of the property.

Some complications likely if u cross state lines.If you have the prospects of new solid tenants coming in I would recommend encouraging early moves, even to the extent of helping with movers or refunding the unused parts of last months rent.