Unless there is critical mass showing that the area is transitioning, it's dangerous to be the first one (unless you control half the block and can create the critical mass) because the improvement may never gain traction.  

I do just that, but 2019 might be my last year as I hope to cross into comfortable FI territory at some point during the year :)  Am happy to be of any assistance I can to guide you to someone who can provide proper fiduciary help.Originally posted by @Brent Sutherland: Hi @Jay Kaltenbach, this is a hot button issue for me as I am a real estate investor who has spent over 13 years in the financial services industry.

I think anybody betting on appreciation at this stage is playing a dangerous game.

A lot of people think this is a dangerous strategy because the bank can technically call the full amount of loan due at any time, but in practice, if you are making payments, the banks don't usually care about who is paying them.

You hinted at that yourself by knowing the dangers of piercing the corporate veil.

In contrast, the 120 which covers the North Shore, is consistently one of the most dangerous in all of NYC via their crime statistics. 

This is especially dangerous if you can't find positive cash flow. 

So is recycling LLCs dangerous in this regard? 

However, bridge financing is dangerous because if you can't execute the value-add, you're depending on appreciation to carry you through the refinance.

I've considered removing the dangerous cables myself but I don't think the tenants would be thrilled with that.