Please let me know what system you have set up through Cozy to collect accruing late fees.

I've sent multiple requests asking for current pay off as interest is accruing daily.

Out of curiosity, are you predicting an uptick in condo foreclosures in SD? 

But even this structure, you can let the interest rate accrue over the term and pay off the lump sum upon sale, you can pay monthly interest payments (this is the most common), or some combination of the two (pay 4% interest during the hold and bring to a cumulative 8% return at sale).

Just out of curiosity, what cap rate did you buy this property at? 

My curiosity is this.

@Alexander LeeOut of curiosity, are you asking about the BRRR method? 

@Steve Milford - I saw my neighbor outside yesterday, so out of curiosity I asked him how much he's currently renting for - $190!!!!

Purchase price: $52,500 Cash invested: $75,000 My very first investment property I hope by doing my own "deal deep dive" I can spark the curiosity of others who visit my page who would like to share insight on this deal or anything else real estate related!

I’ve never dealt with this situation and more than likely I won’t pursue it but I want to know out of curiosity how this will play out.