Any private lender is highly unlikely to go into 2nd position behing seller financing, and most are not going to want to have a seller finance lien involved at all.

Since the STR cap went into place, prices on Folly have cooled...by a lot. The pure STR investor buyers have been essentially blocked from the market. What’s stepped in instead has mostly been locals. In the last hand...

If the goal is truly to replace W2 income, a more realistic approach would involve development related investments that have the potential to generate more meaningful cash flow.

Wheels and all.There’s a shovel involved.

On to the next property where I will be A LOT MORE INVOLVED. 

Also, why was a PMC involved if you self-manage?

Good cleaners are your ears and eyes to let you know when there is an issue.

What’s involved?

Higher % of return.Between myself and one client I have involved this is what we have done:BOUGHT ------SOLD ---------- DEAL LENGTH38k                  55k              4months27k                  45k             3.5 months52k                  85k             3 months24,500            43k              Closing Feb 6th 53k                  80k              under contract (4 months)20k                 ------              Waiting on Deed (expected sale 40k)No mortgages.

My partner actually got me hooked on the BP podcast about a year ago, and we’re officially ready to stop lurking and start building a better future for our family.We’re currently eyeing STR/MTR out of state, but I’m also keeping my eyes peeled for anything in our own backyard (even if the LA prices are a bit wild).I’m here to learn as much as possible, but I also want to be useful.