Purchase price: $65,000 Cash invested: $11,000 Our first investment has been a long time coming.

We have people from Marco all the way up to Sarasota, and others that come from the East coast that join the meetings

The last few years have been great for investors/homebuyers who bought pre-con, but looking back to the few years after the 2014/15 boom, this wasn't the case, where many had actually committed to buying a property that wasn't quite worth what they signed up for closer to closing because the appraisal weren't matching the contract price, requiring a cash top-up.

Yes, I’m a fan of harvesting the equity built up in properties.

Quote from @Wale Lawal: @Paige GardnerYes, this strategy is possible, but it comes with risks that you need to manage carefully.

Quote from @John Mocker: ChristopherBelow is some info that I posted in the past.

Come up with terms (Down Payment, Interest Rate, and Amortization Schedule) such as a 5% Down Payment, a 6% Interest Rate, and 30 Year Amortization Schedule.

In the end, it may be the same amount of money or more, but it will just have to be structured differently as you navigate the shifting market.Northwest Valley would be a good option. 

Great question and always worth getting a second opinion.. especially when it comes to inherited IRAs.

The issues can be local so look for someone in your area who is posting and try to contact.