The new North Carolina law, which goes into effect January 1st, essentially ends stated-income loan applications for state-regulated loans, applications where borrowers estimate their income and lenders usually don't check.

Effectively, you have that money invested in this property.

Suggestion rent or buy a $1500 suit, a pair of $1000 shoes, and a Rolex watch, then find a Lamborghini to pose in front of for the Power Point presentation.

Of course not, you just need a pair of shorts and some shades.

Hi Johnniejrde,Don't know if this thread is still alive but, noticed that you have not been answered so maybe this will help.Postcard's are a great marketing tools an all of us in the industry should be taking full advantage of this cost effective approach to getting our message out there.

TV is expensive and not effective unless it is a constant campaign like Comcast or Gieco or something like that!

All you need now is to find 10-15 motivated sellers that fit the above description, submit offers based on the numbers you have from your analysis of the property, and since they all are motivated, at least one will accept at which you assign the contract over to your end buyer for the amount you want to make on the deal.

This certainly does effect everyone and is completely related to real-estate.

It seems as when the information from the buyer is given to the source the buyers mandate would say that the port is gone or something to that effect and to move on.

You end up fine for those five years (assuming my restaurant doesn't go under) but if I leave when the lease is up you are now stuck with what is effectively a $500K property for which you paid $750K, and you'll be unlikely to get a tenant who is going to come in and pay above-market rent.