Often the interim financing (the acquisition and construction loans) involves relatively high interest rates and short amortization periods.

That's usually a result of a lack of market knowledge or management plan.I am one of the gurus - so I hesitated to get involved in this thread.

Please get involved in the community discussion and once you reach 10 posts, you will be able to post deals in the dealmaking forum or classifieds areas.For more help, please review the forum rules.]http://www.biggerpockets.com/forumrules.html

Is anyone here involved in these types of deals and possibly in the greater syracuse area?

Jump in and get involved here on the site and you're bound to make some great partnerships and colleagues.

Anyone who is facing the threat of home foreclosure needs loss mitigation services or the short sale option to prevent this from happening.First line of DefenseSurprisingly, most homeowners and property owners are not aware of this term or the method involved with the process.

I hope that you decide to get involved in the community here, as in getting to know you, people would be more likely to work with you.See you around . . .

Too many times we get in a hurry because we have dollar signs in our eyes.

Write out exactly what is expected of all parties involved and you shouldn't have any problems.As a side note, if the investor tells you that the deal is garbage...IT'S GARBAGE..:) I've had newbies come to me with some bad deals and it seems like they are so anxious to do their first deal that they try to make make a bad deal into a deal.

No wonder we are in a RE meltdown.Too many people are trying(& buying) that have NO money.Bad things happen guys.You need cash to smooth out the unexpected.2.I'm guessing 99% of the people here own NO RE.I have read only a few posters who i'm sure have real world experience3.Too many people jumping into RE blind.4.People who buy books,cd's,dvds & attend seminars are idiots.A few final thoughts...Bad things happen.You WILL buy a property with a HUGE unexpected problem.Plan for it.You will have a renter smear feces on the wall the day before eviction.You are the ENEMY in almost every tenants eyes.