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).

2 camps in CA I see frequently.Those who made a ton of equity cycle upside and their dead equity versus the rents they collect has a wide gap.They see California with a host of issues and raising taxes and looking to put rent control on landlords.

I hope to meet some of you in real life sometime, just by reading this forum I feel like I know some of you already!

I agree with you Rick H.undefinedI've never met a successful real estate investor in my life, under 60 today, who had never taken a real estate agent's class and passed with the exception of two other professions, attorneys and CPAs or those that actually learned finance, law and general business.

I wish you much success finding the path back to your family life.

I've spent most of my life in Montgomery.

At this point in the cycle, it's rare to see anything that I get excited about locally.

I currently commute from Olathe to downtown everyday, so eliminating that from my life for good will also be a plus!

I won't want to be for the rest of my life.

I found biggerpockets after deciding I needed a life change; change being that I need to get away from the doldrum work of W2 50 hour a week work that constantly make me feel like my wheels are just spinning but making no progress.