I just re-read and realized you're talking about getting loans for lien position 2, is that correct?

How did you finance this deal?

Quote from @Jacob Hrip: I have read this one years ago and it is a great book by a very successful guy in the space!

Quote from @Emmanuel Ola: Keep looking this is an evolution..

Have you heard about this strategy before?

Moore: Thanks a ton for this input.

This sounds like it would be primarily an investment.

Purchase price: $550,000 Cash invested: $145,000 Sale price: $915,000 This was a home run for a long term (5 years) buy & hold investment property (I specialize in this area). - Initial investment of $145K (DP+closing)- It had one tenant for 5 years and 3 months (no turnover), and the tenant paid off the mortgage and expenses in those 5 years.- I spent around $30K to do upgrades before selling.- Sold it for $915K after 5.5 years (received $442K at the closing)- Did 1031 exchange and bought 8 SFH in NE & AL worth of 1.6M (brings $4k/months income now) What made you interested in investing in this type of deal?

We should be listed at this point and we have at least another 2 weeks left to get there (no point in fully pulling the cord on this GC at this point).

Most Realtors are not even very good at this to be honest...