The reason it on fire is due to the high number of people buying renovating and then selling in 6-8 months.Then add the new construction on multifamily up to 4 units going up every moth and there you have a unusual superior 3-6 month market analysis that appraisers can use to actually value homes closer to the rest of the US.

With its almost 8 yrs of payments paid on it thus far; The approximate superior 1st lien balance outstanding is $243,000QUESTION: Given that that this 2nd lien loan was closed thru an attorney and the parties knew one another, and it appears there is SUFFICIENT equity cushion between what they owe on their 1st lien ($243K) and their 2nd lien ($24K) Vs the $625K to $650K  Now  Property Value.WOULD YOU BUY THIS 2nd lien ? 

Knowing what you paid for each property would provide a clearer picture of the returns you are obtaining.I believe your analysis on all cash being superior in that market is likely accurate.  

He worked for a Defense Contractor for many years and many of his superiors were retired Military. 

Thanks Hi Spencer, I have a seven-figure portfolio that is a combination of both hands-on (direct real estate) and hands-off (syndication and crowdfunding)In my opinion, both have their pros and cons and neither is 100% superior to the other.

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.

I have some similar experiences I can relate doing renovation work around E 55th and superior over the years.This is so true.

I would have counseled persons to do what I believe and have experienced to be a far superior investment strategy of REAL ESTATE INVESTING.

However, strong demand drives much superior long-term appreciation and rent growth.SummaryThe conditions that create low prices and higher initial cash flow won't produce rents that rise faster than inflation.

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.