😁 Dan Kryzanowski🧠 Passive Investing in CRE (MF Development, Self Storage) via liquid funds, SDIRA, or Solo 401(k)... as a Texan & Austinite 🤠, I also stay educated on O&G/Energy + Fintech/Proptech🙌 Meet w/ fellow Accredited Investors & Passive (LP) Investors🤝 ... 

I assume the scam could be when you go off platform and then they can try to get you to do something to send funds or compromise your password.

I've been looking at foreclosure auctions.  1) If I wanted to use my HELOC to bid on a property and with my LLC in mind, I'm leaning to having to fund my LLC using the HELOC, with my bid price in mind (plus other costs) and then bidding on a property and if successful, write a check from my business account. 

Private money lenders may fund a deal at 13% and then turn around and fund a similar deal at 12% or 14%. 

A few other resources that offer funding opportunties for blighted and/or brownfield site renovations are MPCA, Kansas State Technical Assistance to Brownfields, DEED, LISC.

Naturally my biggest hurdle is the capital to fund the projects.

Be financially prepared by having an emergency fund and budgeting for repairs.Good luck!

My agent explained that the seller was elderly and needed the funds to move out on time, which made sense to me.

In some cases, if the property is well-underwritten and shows good profit potential, you may even negotiate a lower down payment or seek 100% financing through "gap funding.

ROBS designed to invest retirement funds into an active business.