This too would have a laundry list of issues for you, since it would be an extension of new credit.

I have seen Predatory Lending where the term is shorter that the work to be done with permits and financing factored in, which allows for lofty loan extensions.

I went out to the property and seen that it would require an extensive amount of work to be profitable.

I obviously will only buy if it’s a deal that needs some work, nothing too extensive though.

I met the bank’s appraiser at the property and he was very impressed with the extensive renovations we did and he answered an all of my questions about the valuation of commercial properties.I never miss the opportunity to learn from an expert and I feel that conversation will help me better evaluate my next deal.A week later my appraisal came back and the new value of my property is 180k.I will be taking out a new loan of 144k at 80% LTV at 5% fixed for five years with a 20 year amortization period.

For instance if 45 days ended and they had received your selections but have not screened it yet then if you had errors you could not change them.If you plan on closing multiple properties then plan way in advance.

Hey Eugene,There are extensive discussions about CM in BP - here's the most recent:  https://www.biggerpockets.com/forums/92/topics/392727-morris-invest-case-study-20

There were extensive damage, and took us a few months to fix, and even with no source of food, it took to roaches a few months, around six, to go extinct.

For instance, I can run a house ad on Craigslist, people check out my website to see the house and requirements, they enter their name and how much they have to put down etc, that info automatically goes into the database and sends me an email.

I've traveled pretty extensively and would say Australia is up there for me.