Steven, pretty tough to build a quality product in So CAL for under $100 per sq. even if you are the builder (unless you are doing quantity like a full development).I know Castaic well, and would love to do some spec builds, but until I can see numbers that make sense to me, I will not be able to.

The risk that you take with these barely cashing properties is that do you have sufficient sources of funds to carry the property if it goes negative cash flow due to loss in tenants, large capital expenditures, or both?

Beth:Something like this:That dark brown and yellow under the ultraviolet light is what happens when dogs do not get taken outside sufficiently.  

I immediately called 1-800-WACHOVI, got transfered to their commercial accounts department and was able to verify on the spot that there were sufficient funds in Pinnacle's account.

A simple executed addendum to your lease simply stating that this contract is renewed for like term will also be sufficient.

For instance 8 Cap sells for 12.5x of NOI (net operating income) so if you can increase NOI by increasing income or decreasing expenses you can increase the value and lenders will lend you based on that new value with sufficient documentation and time allowing you to pull all of your money out of the "deal," and in essence you have an "infinite," return or 0% money in the deal. - etc

Assuming the wholesaler does know how to value a property, the $15k profit (based on seller's asking price) was not sufficient for him. 

Ricky Lee Most new wholesalers fail because they lack a business plan and sufficient capital.

I am going to call the CRA to get more insight into what this message means.Would this warning/alert be sufficient for denial based on credit report?

Additionally, Berger and other co-conspirators deposited illegally obtained loan proceeds into borrower’s accounts to make it appear they had sufficient funds to qualify for loans and down payments.