If it leaks again and develop mold, you could be in for a lot more money.

Since inception Colony has invested $48 billion in over 19,000 assets/loans and has ~$25 billion of assets under management (gross) on behalf of over 250 institutional investors.Through the identification of supply-demand source imbalances in capital, product types and information availability, Colony achieves attractive risk-adjusted returns by investing in real estate and real estate-related debt investments, non-performing loans, distressed assets, real estate-dependent operating companies, and select commercial and residential development opportunities throughout the world.

I would vet some banks to see if it is really as hard as your relative says before you just develop an entirely different strategy.

My ultimate goal is to develop a large monthly cash flow through multifamily apartment buildings.

In my opinion, your best bet is to develop a relationship with a seasoned mortgage banker who can accomodate your needs.

2) Learn as much as you can about different forms of real estate investing3) consider your resources; time, money, knowledge, etc.4) Develop a planIf we now 1 & 3 we can help yo with 4If you know 2 you will understand our advice for 4Good Luck - Ned

They have reclaimed land off the coast (not very deep) and have developed what looks like a palm tree that can be seen from Space.

You'll get plenty of chance to meet and develop attorney relationships.

As most of you know, we are builders/developers.

Today I'm happy to announce that another BiggerPockets member has graciously joined the BP Moderating Team to help us better moderate and manage the communityKaren Margrave (Previously known as "Karen M.") is an active real estate developer in Southern California.