Quote Originally Posted by 314joey View Post
I was lucky almost everything we did was cash and any LOCs we had to get never had personnel guarantees for any of them, of course we never had any problems, but I'm not risking my stuff.

Any of the properties that needed financing the banks had deeds of trusts on them, they would have gotten the propety/development, but walk-away options for us, hey, I ain't no dummy.
They are a very smart group. Not one late payment, they just didn't plan on their bank demand. Otherwise, they would still be here. The same bank did that to another client of mine and not construction related. It was terrible.


Sent from my Bat Cave!!!