If you were in the market, would you jump at one of these homes or hold back until the concept proves itself?  

I'm playing with a similar concept up in Sacramento.

there hasn't been a ton of discussion since it's a fairly newer concept let me know if you'd be interested in discussing further.

The concept is that a homeowner receives an upfront cash investment today, and in exchange, the investor gets their principal back plus a % of the property’s future appreciation at sale/refi.A few things I’m curious about:– How did you structure the agreement (lien, contract, equity share)?

I’m evaluating a former car wash property in Metro Detroit:Just under 1 acre lot~4,000 sq ft building with multiple bays (9 ft clearance overhead doors)Zoned C4 “Multi Use Commercial”My concept is to convert it into multi-tenant flex space for auto-related businesses (detailing, tinting, wraps, light mods, etc.).I’d love to hear from anyone who has repurposed a car wash (or other single-use building) into something else.

They also do private money lending, so there’s a real path for me to buy my first property soon.I recently read Set for Life by Scott Trench and want to apply his concept of saving my first $25K.

In order to feel better I have started laying out the 4plex design concept.

You can basically set the start at WW2.

My day job is a scientist, so I just applied the same concepts.

I am very green to the whole investment property concept.