End of story no further explanations given to him. 

@Wayne Terry, this topic has been covered in numerous forum posts and blogs.

The following series of posts and explanations, are with one particular seller who declined my initial offer but because I followed up with them, they became motivated and accepted my initial offer.  

Love the explanation Rick H..Really like the "note for a note" analogy.What if instead of setting up the transaction as a broker, the contract is written as a JV deal?

Pardon any of my terminology but you should get the jist from my explanation below.My first "deal":- Re-performing 2nd mortgage in California- Has been re-performing almost 2 years, one 30 day late with every other payment being within 3 days of due date.- ~$23,600 principal balance with rate of 9%, modification reduced from around $35k- Bought at 60% of UPB, after costs, about $15k into it or 63.5% UPB.

Although I left it out of the explanation, I will be managing 100% of the construction that we will be starting first quarter 2016.

They only go off previous purchases which we are the only people purchasing so they value off our previous purchase price even though we have turned them around.I know there are numerous ways to value this cash flow and these properties.

We've deleted numerous threads of yours recently because of the blatant self promotion you post.

The details are numerous and I don't feel as pertinent in the scenario, but if you think more details are necessary, I will be happy to share further.Anyhow, the lending agent basically said the bank would not be able to go through with it as one property or three because of the legal description issues and the appraisal issue.  

The thing is i am trying to research and learn how to raise money, i have reached out to numerous major Developers in NYC who all speailize in the projects we are eventually trying to get into, but either never get response or they agree to meet and then cancel on me.what i have learned though is that nobodys going to give us money based just of an idea, people who are serious about giving money want to see exact projects and numbers, so they can perform their own due dilligence and see if the numbers work and the deal is actually capeable (which i understand completley) but the problem is no major broker will entertain the thought of wasting time to find deals or show us properties to someone who does not have serious capital to purchase them.so pretty much brokers wont find or show me properties because i dont have money, and investors wont give me money because i do not have a solid property to show them.