Definitely a higher price point for investment with Duplexes in the $600k-800k+ range.

Hey Russel,Admittedly, I do not know BAM; I am curious about what is driving your interest in/decision to invest whether its a preferred return or more back end equity, or just tax advantages.The market has definitely put some operators' projects in distress, and it is very unfortunate, but the flip side is that other operators are able to use stabilized financing to acquire these distressed assets.Our operator partners are seeing an almost 20% discount as they are acquiring assets today.

I will definitely ask them if I can use the insurance money to just demolish it and sell it as vacant land.

I definitely want to keep it simple and less expensive

@NA NA Can’t legally enter into a contract at 15.

Definitely feasible, but don't sleep on the W2.

I'm a huge skier and have been traveling to Tahoe for summer/winter for over 14 years so this definitely piques my interest as a possible future opportunity. 

@Keren Mayorov Garfield Heights and Euclid are definitely great areas to focus.

While there isn’t an exact, commonly agreed-upon definition out there, here is a handy definition for this specific loan product:DSCR loans are mortgage loans secured by residential real estate turnkey properties, strictly used for a business purpose and underwritten primarily based on the property.Important note: DSCR loans refer to the specific loan type, and the “DSCR ratio” (debt service coverage ratio) is a metric used for underwriting and evaluating these loans (and other loans), but the metric and ratio itself are distinct things versus what is referred to as “DSCR loans.”Some key things to note in the definition:DSCR loans are secured loans (meaning that there is collateral that the lender can take if the borrower doesn’t pay back the debt).

Legal entities such as LLC's are not eligible for conforming loans, such as a conventional loan.