If I understand correctly; the seller would receive 80% ($40,000) directly from the mortgagee at closing and would enter into a personal agreement with me for the 20% down payment ($10,000) in which he would be reimbursed separately from my mortgage payments at a separately agreed upon rate and term?

Quote from @Garry Lawrence: Hey everyone,I’m 19 and about to close on my first rental property!

Originally posted by @David Waite:After looking into Fund IV closely and even getting money ready to move over to ODC for IV, I decided against it.

The property was appraised at $846k so we got a decent bit of cash back out at closing and are rapidly making our investment back.

@Account Closed would you have updates now that its been 7 months, what's your experience of being in Pace's program?

All residents but the smokers have lost use of their balconies and keep windows closed now.

Everything on my side was set to close, and then today the seller is refusing to close on Monday as they have not moved a few pieces of furniture they were supposed to get movers for.

I feel like there's still people trying to make BRRRR deals work close to the city and the truth is it's nearly impossible given prices, rates, and the cost of construction.

Yes, I'm a lender, but we have an arm that's been investing for close to 20 years now.

I've since closed down to focus on other businesses and run my own STR's.