Investing in single-family residence fix-and-flip projects in New York involves purchasing distressed or undervalued single-family homes, renovating them, and selling them at a profit.

It will make the loans more valuable if you ever decide to sell them and decreases the chances of default. 

i.e. buying and selling notes.Of course the mortgage is attached to the property. 

Will you need to sell the property?

Watch it for a while, track listings, see what sells and what doesnt, what areas move quickly, etc.

If the other two parties want to flip a house maybe they can do just that as partners and then sell you the house which you can buy with a primary home loan with low down payment.

We did this because initially we were just going to build/sell, but I would rather hold on to it.

It's like selling pizza by the slice!

PS - Since 2003, Dean & DeWitt Property Management has helped investors buy, sell, and manage investment properties in the St.

To answer your questions here though:Alternative options - I was going to sell all my stocks and etfs, take out a HELOC, and some credit cards to try to shoestring together enough to the deal without a hard money loan.