Active real estate investors who can't get comfortable not being in the driver's seat, people who just don't like real estate as an investment, those who can't get comfortable with the risks, those who just don't understand syndicate investments, those who have heard bad things about this type of investing from others, and people who have invested in syndicates and experienced bad results.

While cashing out more equity might seem appealing, it will result in a lower cash-on-cash return due to the higher rate and LTV.

The numbers are a little different ($50k down, 5% interest, property taxes $5k/yr) but the result is essentially the same.

Notably, there is often an unfortunate cycle where: (1) current ownership has financial struggles; (2) this requires the current ownership to fire sell or declare bankruptcy; (3) the development suffers as a result; (4) new ownership comes in and tries to fix it; and (5) the cycle repeats.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

The final out come was very unfortunate, but very luck for us.  

Some portfolio or private lenders may waive this rule, so it’s worth exploring.While waiting for the 6 months, finalize renovations, stabilize the property with tenants, and ensure all paperwork (leases, receipts) is organized.

If your investment window is 20 years and you buy todays technology you may well have a better result than waiting 10 years and having half the investment window to buy.

She finally sends me a screenshot of this and it appears to be a Naples FL rental group that I belonged to.  

Trying to do it yourself can result in months of delay, which will cost you way more than a few hundred bucks.