If you buy real estate, you will spend hours and days and weeks and months of your life dealing with it… Home repairs, guests,… An investment really has to be pretty amazing to sacrifice all that time for itThe houses I own I bought many years ago at dirt cheap prices and dirt cheap mortgage rates.

I'm not sure what you've heard or are expecting, but as with anything in life you generally get out of it what you put into it. 

Here is a real life story of what recently happened in my portfolio.I received a 60 day notice that my apartment was going to be vacant starting December 1st.

Just like most things in life there are good and bad to both choices. 

The tenant laws in New York make life as a property owner way harder. 

I invested 6 figures about a year ago, and only got one distribution and that was only after numerous calls and emails. 

What I was referring to was that I know two private lenders who have the borrower complete the Deed in Lieu documents at the Closing of the initial loan and then hold them in escrow during the life of the loan.

Most are going to want to lend on the rehab as it ensures the rehab to be completed,There are numerous ways to pencil it out in your favor though.It benefits to work with an experienced broker who can guide you through the process and put you into the best possible product and solution out there for you.

I think demand will continue to grow as the area settles into its next life as more of a year round destination.  

At some point, the juice isn't worth the squeeze for us and we just want to enjoy life.