This extra payment deal is for consumer/homeowner that will spend all the money he has available on cigarettes, beer, etc. so he “fools” himself into “painlessly” saving money by building extra equity in his one big “investment”.A professional investor should NOT need to “fool” themselves into “forced” savings.  

I still think I got a really good deal on the work.

I found this deal through my PM.

I think they over reach continually, but we have to deal with it.

What made you interested in investing in this type of deal?

If you are less, then no big deal if you want to check it out.

Hey Bob,Depending on the lender, I am assuming you are working with some hard money lenders, their appraisal or BPO will probably include an opinion subject to the scope of work.ARV is relatively easy to figure out yourself, made easier and more accurate working with trusted agents and managers.Im not as active as I should be but I have seen several Facebook groups dedicated to Florida Multifamily deals.

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What made you interested in investing in this type of deal?

And also find you some good deals that make sense for you