It's not a losing proposition, that, the subject to appraisal confirmed, but it is a bit more than a sane investor might get involved with.Reversible method.Water feature.

We have been doing residential investments but recently have been involved in some commercial and land developments.

In one state I know an old person can defer the property taxes by signing up with a specific program.

There are also lawyers involved who are very familiar with the act, and know what's required.Jon

Or if you plan on holding/renting it and what it would rent for.....basically what your plan is for the property and what other numbers are involved besides just offering $100k below asking price because of the amount of repairs you "guess" it needs.

I would like to get more involved in Hard/Pvt money lending, with the ultimate goal of building a business of HM lending by pooling funds with other like minded retirees/investors.

Is there just one loan involved or are there several?

I originally became involved in REI through my step-father who is a pretty successful rental property investor.

I hate to see the government get involved as they are.

NO I am not involved with scrap metal or jet fuel...................