It was a perfect transition for me into REI.Sure you will end up driving people around in your car showing them houses but never sell them one, take listings from unmotivated seller's that never sell, but there are plenty of ways to spin your wheels in real estate investing too.

Otherwise, I think you're just really spinning your wheels looking at what's for sale and how much rents are without knowing if you're buying in a decent area or a warzone.

Can they refi it in one year and buy it for less, people, I knew more about this crap before most of you were born, don't spin your deals toward me.My Commentrs in GENERALNEW RULES!

IMHO and from years and years of experience, you're spinning your wheels even spending 10 more seconds on such an offering.

When you ask them what you would find with a credit criminal and eviction check, they might just try and spin you their story at which point you can say "next". 

I can see your head is spinning with ideas and scenarios.You are describing two (2) different approaches, one involving the purchase of the asset, presumably for cash and imaging off the encumbrances; the other buying the equity.It's all about risk and who takes what and when.If it were me, I'd go the equity route.

Could I spin this situation into an opportunity for someone wanting to get into rental property or no? 

Once we did that, my remaining parent decided that the cash flow was sufficient to live off of.  10 houses and very little debt spins off a good amount of income!

Here is another spin...if the interest rate isn't to your liking and the principal balance is just a tad bit high..or the term isn't 30 years...work with the seller to negotiate a loan mod with the lender and then take title sub 2 after the loan mod goes through.

Has anyone ever put their own spin on BRRRR strategies and were successful?