Based on the second method, the purchase price is to high based on the other numbers, correct?

You're correct in your thinking.

Your are correct on the turn times for that particular lender, 5-7 days from "submittal of full package"; but this is still slower than HML.In any event, all 3 sources would be good options Gdchil1.

correct?

think of it on a larger scale.motorola - for example - if they refinance their corp headquarters to draw out capital for a project or just to boost up their cash accessibility, or for whatever reason - they're tapping into one of their many assets, converting equity into cash by taking out a loan (liability) in order to somehow grow their business.the corporation does this - not any one individual.

I'm pretty sure that Ryan is correct about the usury laws, and anyway if you charge so much interest that the investor who's borrowing it can't make a profit you'll end up with a bunch of property that you don't want.I've made some HMLs and I've never charged anywhere near those numbers, although with points and fees I make sure I'm NETTING a very nice return.For those kinds of numbers you have to become a "payday" lender.

Am I putting all of the bits and pieces I have heard over the years together correctly?

Is this correct, and what can I do to break out of this cycle so I can generate the profit I'm looking for?

Please correct me if I am wrong.Any suggestions are welcome.Regards,Eugene

You are correct.