@Matt Aquino I just completed a project with Oscar and I strongly caution you against working with him.

I found that area to be an excellent opportunity to create passive income and strong capital gains.Looking forward to connecting with you, who knows maybe even do a deal together

With 9 million left with multiple higher quality assets owned and great areas throwing off cash flow with rent growth and cap compression they could be fine and regain that lost 500k in no time.If someone has 2 million net worth and dumping 1 million into this asset class they are really asking for problems.Joel, Its all about your strategy and how committed your are to making it succeed.

I would strongly suggest you beef up your reserves.

1.We have a buyer2.The buyer wants to buy 1,000 barrels/day in existing production3.Purchase price is $30M4.Our bank will lend 67% or $20M5.We have a Mezz funding source who will deposit the balance of the purchase price of $10M directly into our lending bank6.The Mezz wants to get paid off in 12 months with a 30% profit, so he wants $13M in 12 months7.The whole key to this deal is that the Mezz needs a Forward Takeout Commitment from a legitimate bank or life insurance company for the $13MFour questions, please:1)Can you provide a Forward Takeout Commitment for this situation2)I understand from the information that Gordon sent me that this type of letter costs 1 – 2 points and that is fine3)Will your takeout commitment provider charge anything to underwrite this deal and let us know if they are willing to issue a takeout commitment4)We are working on oil production deals in both the continental USA as well as Canada – are both locations acceptable to your takeout commitment providerI am really hopeful that the answer to 3) is no, because if it is, then we will put a solid production deal in front of you.Let me know – many thanksps.We are also developing several SFR /Modular Dev in Austin TX. (2016).

I have been scouring the internet and testing out some marketing strategies looking for my first deal with no luck so far, but I am committed and determined. 

Also, evaluate how strong your deal is with the end buyer.  

Wow that is the first thing I have seen you write that I disagree with and I couldn't disagree more strongly.

Now I'm making my final preparations to fully commit and make the big plunge.This is the next step in that process.

Developing a strong financial portfolio for my family and having the option of an "early retirement" is a big priority.