Originally posted by @Mia Shlomit: Alas - the new ordinance turned this property too into a rent stabilized one. 

Originally posted by @Vaughn J Smith:Dan, thank you for that.

Not only were they followed when originated but are they witha  third party servicer now ?

I've been watching Chad Carson's videos and his approach of accumulating more properties than you need, then start using that income to pay off mortgages and cull the lower performing properties makes sense to me. 

Note investing can be divided into performing vs non performing.  

If you can just make sure you are buying right, everything else falls into place eventually.There are markets that perform better than others, but unless you are holding long-term or building rentals, you shouldn't really care too much since flipping is all about buying at the right price for that market:

Tough to stay disciplined as "Past performance is no guarantee of future results". 

The whole scheme was buy a foreclosure, "sell" it back to someone that can't qualify for traditional financing with seller financing at a higher rate, once note is "performing" you can sell the note and make a lot of money. 

With minor cosmetic upgrades, he increased the rents, and now it’s one of the best-performing properties in his portfolio.I also had a client in Providence last year who bought a fourplex.

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