Those are tremendous terms for a commercial loanwith such a unique mix.The only concerns would be:1) Paying for the new roof out of pocket and on top ofyour 50k.

If the value of your securities declines to an amount where it is no longer sufficient to support your line of credit, you will receive a “maintenance call” notifying you that you must post additional collateral or repay the loan within a specified period (typically two or three days).

When you are in a position where you have sufficient assets and it is clear to a lender that repayment can be made from the estate or other sources, you can talk about a non-recourse loan, as I said, under certain circumstances and this isn't one of them.

Here's some things to keep in mind if you decide not to hire an appraiser:1) The "City's" (by this I assume you mean the county assessor) "full market value" price likely does not reflect a property's current value as it is always based on data that is usually at least over half a year old and will not always reflect unique conditions, upgrades (or downgrades), etc of a home. 2) The seller's asking price for a home is definitely not an accurate basis for determining the home's value to you or anyone else (except maybe the seller himself). 3) Zillow may or may not give you an idea of a home's value.

I have a pretty unique opportunity that I'm having a hard time saying yes on.

In the agents remarks, there is absolutely no verbage about the second structure and it's rental potential nor any of the properties unique features. 3.

We have a unique situation here in New Orleans as there are thousands of houses still in disrepair from katrina, some not really worth fixing, but still quite a few that a nice profit could be made.

Lisa,Your experiences are not unique.

That means if I die, executor can trigger repayment of deposit without probate when/if necessary.

That makes it spmewaht unique from an invesment perspective.