I tend to see many MBA acquaintances as comfortable with a relatively low level of risk, and an unwillingness to rock the boat.  

Use caution, however, because vacant land doesn't produce income and you'll be on the hook for the interest payments regardless of the success of your venture. 

This solution will produce a marketable loan more quickly. 

By making them produce multiple pieces of information that corroborate who they say you are instead of placing over-reliance on one that can be fraudulently procured."

Repeat until I have made my way high enough to be able to 1031 into an Apartment complex that produces tremendous cashflow.

Getting the lawyer on my property's tax case to go from giving me MAJOR attitude, to (joyfully) taking special efforts to extend the upcoming foreclosure date until I can close on the property, whenever that is.I'm hoping by writing it out in this forum post, I will think more intently on it, and be able to produce results like these more regularly!

A fellow BP investor, Account Closed, Sean Jones, and Dhru Das and I went to three different properties with Aaron and Sean as they guided us through the process of evaluating the property, determining what sort of rehab would be necessary to produce a desired ARV - extremely insightful experience.We decided that a property that will need a gut rehab but is lower in cost will provide the best margin.  

No sheet rock work.

HLU CURRENT FOCUS: Type of Collateral: Office Buildings Apartment Buildings Shopping Centers Mixed Use Owner-Occupied Facilities Light Industrial Hotels/Motels Churches Gas Station/Convenience Store Vacant Properties (not land) Marinas Lending Parameters Overview: Loan Size:$1,000,000 to $50,000,000 Interest Rates: 11% - 13% LTV:Up to 75% on income producing properties CLTV:Up to 90% on income producing properties Origination Fee:3-8% taken at closing from the loan proceeds Loan Terms:1-3 years Cash Down:Borrower needs at least 10% cash into project (acquisitions) Letter Of Intent: If a prospective client meets our lending criteria, we will prepare a Letter Of Intent FREE of charge once we gain the following information: 1.Name and address of the borrower 2.Names and addresses of the principals of the borrower 3.A detailed description of the collateral including he entitlements (recent appraisal) HLU Lending Group, Santa Clarita, CA

:rock: And, Will, it still seems that you are STILL skipping over my argument that you referenced no earnest money as a factor of this "current market", and my point is that it has nothing do with the current market.