Quote:
Originally Posted by Hatterasguy
You only risk $360k if you pay with cash, which is the best way to do it. But with a construction loan the amount you risk is much less, and considering the short turnover its a damn good rate of return. Naturaly the better the return the more the risks.
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I think you need to take a little course in construction management.
Who's on the hook for the $320K if you borrow it............you think you are only risking the $40K of your own money?
Guess again.............