That one is capped at 50k and has a 7.5% variable interest rate and is amortized over 10 years (if memory serves).That would get you a good chunk of change, but you'd probably still need additional financing to flip in Brooklyn.As a previous poster suggested, you could do a rental.If you can get something cheap , pay cash, and do some repairs, you could then get a mortgage and get a great deal of your initial capital back.

If I can't quote it from memory, im sure it's in my notebook.  

If memory serves, it might very well clearly state that the property cannot be dewinterized if any sort of plumbing issues were noted in the property condition report.  

I have almost completely abandoned the MLS and have spent more time and money in my direct mail and computer marketing campaigns.

Several pluses in having the take out loan set just waiting for the qualified buyer.As to points: Again, points are prepaid interest, private lenders are not HMLs, they are not in the business, they are not registered lenders or regulated per se and most states limit points, if allowed at all, points are still computed and applied to any usury limit.

I should add that any PPE (property, plant equipment) i.e. real estate, computers, office furniture, vehicles, etc etc would be in addition to the 2-3x SDE if the whole business is sold.

I figure the timing is right for a Memorial day sales acquiring. 

The majority of that time in one way or another my they have had to do with the liquidation involving computers and electronics.

A few years ago I was renting a room.One day my landlord's computer broke.

Funny how short seller's memories are about how much money they pulled out of their house and blew on this or that.