Even if the deal wasn’t smooth it was a proof of concept and I paid for my education.We are closing on our second deal on Monday, a good value add 6 unit a few blocks away.

This is because I find the hold after the refinance in my market has negative cash flow so the properties that were previously good BRRRR candidates are now better flips than BRRRR (assuming you do not want your profit to decline each month after the refinance).   

I still would never buy negative cashflow but will take low first year returns if it's in a good area as the future growth is where the real money is. 

The concept sounds like "Equity-like returns without equity-like risk.”Preferred equity investments, which sit between senior debt and common equity in the capital stack, also see increased interest.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Just remember: most negative reviews are written by problematic tenants.

I just came across it on TikTok and thought it was too good to be true, although reviews are varied, they all point towards being more positive than negative with the caveat of the large amounts of money you need to get the most out of this program. 

Almost negative on cash flow with all these repairs coming all the time.Next major thing I see is hvac in crawlspace and those ducts are loose and coming off.

By focusing on properties already set up for seller financing, they avoided the hassle of introducing and pitching the concept to sellers.

Well from my list I dont see any thing negative.