Waiting for the snow to stop falling.

When I looked at it in person it looked bad because they had taken the shutters off and had pressure washed the house to get ready and paint it and had stopped in the middle of paint prep.

What might be insured is between the insurance carrier and the lender.Considerations are vast, the local economy, the project, management, financials, timing of the project to completion, basically all areas that a lender will consider.As to sub-prime, never heard of it, as coverage is generally afforded to strong borrowers, developers that are entering a project at a higher LTV initially and the LTV is reduced as a project comes to completion, the initial risk.Apartments or properties held long term can be insured but again usually to cover the LTV risk, that is risk enough and to add sub-prime credit, management, or low debt coverage issues really isn't an insurable risk.

Guaranteeing a loan is not the same as being the maker (borrower) of that loan.

I don't believe you would want to, nor are allowed to borrow against the mortgage.

If you have time come stop in when you get in town.

I did not let any of that stop me from excelling.

If I had $100k and needed it to throw off $72k, I'd buy a lot for $70k-90k, borrow $200k via construction loan, build a spec house, and sell for $350k-$375k.

yea tons of snow. started late lastnight and hasnt stopped. and alright ill check that asap @karen margrave

However, I 2013 the music stopped .. prices went up so much that it simply makes no economic sense to buy the same properties at the current prices.I learned from someone, who invests in TX apartments buildings.