Basically it is you purchasing the property in cash, and then coming alongside the transaction after the fact and doing normal 'purchase' things, but it will usually get you the reverse loan terms (~85% of the purchase price + rehab finds) back to you. 

So for the past year or so I've owned two properties in Philly and they were going along pretty well with a few little hiccups here and there.

I'm a young person (17 years old), but this, alongside the many books on finance and discussions with other investors online, has been a valuable tool that I will definitely use in the future.

Every time I've had someone come alongside me and work to add value to my life -- whether that is finding deals for me, introducing me to key people, doing work for me, or anything else that lifts my burdens or hits my bottomline, it has engendered an amazing goodwill that leads to a lot of time, and a lot of growth for both of us.

That said, I've had hiccups and major major expenses in the 10s of thousands. and it's practically impossible to find a decent reliable contractor. although so eager to get into another deal and expand, after 4 years of experience with (great) tenants, unexpected issues & costs, while not ramping up as fast as I want, it's been fantastic learning and key is hands on experience with management and on exactly what goes wrong and what you have to deal with and hands on management

We had a hiccup during financing; in short neither I nor the lender were aware that it’s a condotel until after we started loan application and conducting condo questionnaire .

So if you don't need the money now, and you make a solid income and can withstand the occasional hiccup out of pocket then holding isn't a bad option.All depends on your goals and personal situation.

I work alongside Halstead Brooklyn, LLC.

Not only because the military plant 42 alongside NASA, Northrup Grumman, and Lockheed brings in people that come and go out of the area, but also about a little over an hour from the center of Los Angeles.

Im a new investor and currently own a 2 buy and hold properties and would love to work alongside a seasoned RE professional.