There are many nuances to the liens on properties and in some instances you could be buying a note in a second position that actually doesn't give you the right to own the property above the first position.

Setting up an LLC and accessing 50k+ in business credit is a simple process that protects your personal finances and positions you to scale faster.

And someone living with 6 others is in a financially difficult position so money really matters.Here's what's crazy when you can get this strategy to work....A lot of 4 bed single families could cash flow $500+/mo with this strategy. 

Great position to be in.

Hi @Nathan Frost,Given the missing items and delayed inspection, you’re in a strong position to negotiate further.

It is unreasonable to think that you will have positive cash flow if you are borrowing 80 percent.  

Yes it was , I have had this loan for 7 years now, they are growing the company from one into a RIET of 4 different businesses and the goal is going public once the company is in the right position.

Its a risky expensive job.Obviously this is one market but the trend is not positive.

There are more factors than just pure cashflow and it seems like you are in a good position to be successful.  

Sometimes it’s the smartest move to gain liquidity and to secure your position with your remaining properties.