Level it as is or just wholesale it to a developer for them to work out all that?

However when I would do work outs it could be a challenge for private second holders to understand the pickle they were in.All the more reason every investor should obtain qualified legal consultation before investing directly into notes 

Over the last 4 years they have been giving out these claims like candy to make their Covid workouts possible, and sellers are always surprised at the amounts owed.

Some deals just "work" from day 1 and everything falls into place.Others don't work out no matter what you do.I've done hundreds of them in my local market and would only sell if it was one of those doozy type deals.Funny thing is, a property I own next door might be fine.But for whatever reason the cursed property just isn't lol.If you are wanting to use the equity, then use it to "Gung Ho" and full time.Meaning, don't buy turnkey and use the capital to buy, fix and flip instead.Money makes money and being very hands on and active, you can get to where you want to be quicker.Just my opinion.Thanks 

So I'm not subbing all the work out if that is your previous experience. 

This service also subs the legal work out. 

I had a RE license as an Investor/Contractor and never saw that it saved much money (My experience anyway) People think you save 2.5 - 3% on every deal because you don't pay a Buyer's agent.....but most sellers are not dumb and will not automatically 'give' you that money, they will either expect that they keep it or maybe work out some kind of a split.So if you are just going to be an investor, there is no way that it is worth the cost (IMO)

By making sure that (1) the investors are aware of this before investing (and not just by putting this on page 32 of the PPM, but by conversation and email trail), (2) that the investors have a certain minimum net worth and or income (and not just by SELF certification), and (3) that the investors don’t put all their eggs (investment $) in one basket(loan participation) we avoid all the drama when the inevitable one out of ten or twenty investmemt doesn’t work out as planned.  

@Brian QuoIf you can afford the $900 to $1000 loss each month, it could work out.

Use this experience to work out the kinks and build a strong boots on the ground team.