Quote from @Becca F.: Quote from @Jay Hinrichs: Quote from @Chris Seveney: Quote from @Joel Owens: I think forums are almost dead these days.

Quote from @Becca F.: Quote from @James Hamling: @Becca F. 9% is the "magic PAR" ROI number to use when viewing and considering stock market investments. 

I think you loan officer is referring to line items F & G, which are prepaid property taxes, interest, and insurance ($15,094).  

f=69Please post there once you have met the requirements of the forum.

Prefer keeping this kind of stuff behind closed doors if possible and sorting it out without revealing dirty laundry.I would have been in the same boat as many other turnkey providers that are no longer around if I didn't focus on limiting how much business I take on.And even with my stupidly strict criteria, we still copped the brunt of the sword.Business is business and people are people, sometimes things just don't work out.It's a true shame but such is life.I always want whats best for everyone and for every deal to work out and for everyone to succeed.With the best intentions, mistakes are still made.Those that work hard and do their best, will also make mistakes unfortunately.Again, I sleep in peace and whenever I F@#$ up, it's an honest mistake so crucify me all you want.Thank God, never been sued and back round is squeaky clean and I intend to keep it that way.Less is more and when crisis does arise (It always eventually does no matter how much you prepare and do your best), we can hopefully rectify and do our best to fix.For example, just had an investor loose $50,000 on a deal and the next few deals we are working for free for this investor.We don't have to do this, we want to...Not sure how we would be able to accommodate such an instance if I had 50+ investors loosing that much so I guess my stringent on-boarding criteria has saved our A$$ for 10+ years now.Granted, I'm burnt out on folks and have pulled back even more from doing our "measly" 4-5 turnkey deals per month and have decided to focus on just building my own portfolio.Like I initially intended when I moved to this country in 2012.Thanks mate and keep being great

@Becca F. has good insights on both CA and the Midwest. 

@Colleen F. it's everyone unfortunately, most of our clients are still waiting on their returns too. 

Quote from @Becca F.: Quote from @James Hamling: Quote from @Becca F.: Quote from @V.G Jason: Quote from @Becca F.: Quote from @James Hamling: Quote from @Becca F.: Quote from @Mike D.: Quote from @Becca F.: Quote from @Dan H.: Quote from @Becca F.: Quote from @Dan H.: Quote from @Becca F.: Quote from @Dan H.: Quote from @Becca F.: Quote from @Mike D.: Quote from @Becca F.: Quote from @Mike D.: Quote from @Becca F.: This post generated over 100 comments...wow.. 

From a lender's perspective, we aren't that concerned that F Lee Bailey wrote your Operating Agreement.

@Victor N. it really depends on the current overall setup of the building.Some great info from @Alan F.!