Defaults result in foreclosure.

If you include the costs to build in a purchase of the primary structure, then you can typically roll that into the final loan product.

Eventually, after finally admitting he could not obtain a loan, he failed to return my capital, and completely stopped responding just long enough until the banks were unable to reverse any payments.

If something in our market is not a good investment we pass.Hope this helps.One final point, don’t go ALL IN on your first deal.

The real property investment can be repositioned if it proves disappointing in its original form; it can be refinanced or recapitalized if it has too much or too e pensive debt; inflation over time bales out many bad purchases, and finally the investors knowledge, experience and abilities can be leveraged to turn around a cash flow negative property.I’ll provide an exampleThree years ago we purchased a note from a bank secured by two auto repair facilities with a large amount of excess land.  

So, I no longer live in those areas and am very thankful to finally have insurance. 

I finally decided to look elsewhere.  

After 2 months going back and forth with them, they finally ended up paying 50% of the $9000 bill.

After months of blood, sweat, and bargaining with contractors who seemed to vanish into thin air, I finally flipped it for $180,000.

-A water heater issue resulted in repeated mismanagement—confusing unit assignments—leading to extra costs to fix the same issue 3 times and on each occasion "more fixes" needed to the water heaters that I plumber said was needed.