Be perfectly happy watching someone else make a giant pile of money pursuing a strategy that you have no interest in doing.2.

If all parties were agreeable (and would likely agree on an interest rate lower than a bank's would be), with $0 down his monthly payment would jump $300-$500, but now he would be building equity in the property.Is there anything else I should tell him or anything I am missing?

Something else I found with BRRRRs in my market right now is that even if my equity may be enough to cash-out everything I put into the deal, the rent I could get would not cover that high of a mortgage.

Anyone else having this issue or his an isolated issue?

I have had rentals there for many years, same issues as anywhere else in Clev.

If you want to lend long term debt, you don’t want to compete and be the cheapest on the block (that’s a race to the bottom), you want to lend on stuff that nobody else (or a select few) will lend on and charge a premium for it.

I have heard of a lot of scams with note buyers, just like pretty much everything else.

@Kent Ford location, location, location, then everything else.

This happen to anyone else?

Does anyone else recommend an alternative that is better priced, but equally as data heavy?