Hello BP,Consider this my second post ever on BP!I am an associate broker with Exit Realty in Manhattan. My primary client acquisition strategy is cold calling fsbos. While I understand fsbos are also great leads for ...

On paper it seems too good to be true and I can't find any reviews online.

True,  numbers do not lie  but incompetent scatter brained appraisers or realtors for that matter, make mistakes all the time.

Is that true?

I'm married with 2 beautiful kids and a wife that has been out of the work place to take care of them.

I am excited about the potential income but, I don't want to walk into something that is too good to be true!  

The condos 1 mile away might be too far to be a true comparable. 

This will trigger reassessment and eliminate your Prop 58 low tax basis, even if just one trust bene gets the loan.Your only true option is to either get what we can a fiduciary mortgage as successor trustee based on the equity (borrowing up to 50% LTV max) or live without a loan. 

People believe what they want and if you look at what is going on in the world (as well as what true experts have been saying who correctly predict trends) you will see that you don't want to be in real estate when the bubble bursts.

While my response may have come across as snarky or know-it-all, the message is still very true.