There are about 65,000 investigations into this type of mortgage fraud per year, resulting in about 5,000 convictions with the average prison sentence being 18 months.

Both of those could put an investor where you are today - unfortunately.I can tell you that I believe I've avoided these types of issues from happening on my deals because I joined coaching programs and had mentors.

Appreciate any guidance.Best regards  There are a couple of types of SDIRAs.

@Katie Camargo   What we do as a lender on these type of deals is what we can an "as-is 2 step".

Purchase price: $640,000 Cash invested: $640,000 Investing in Condo properties in Broward County, FL What made you interested in investing in this type of deal?

Hey Denny - For rehab costs, a good place to start is breaking things down room by room and getting rough estimates for common repairs like the roof, HVAC, kitchen, light cosmetics, etc.

You might consider hard money for the initial purchase or going with a DSCR type lender if you find something that is more turnkey.Hey!

What made you interested in investing in this type of deal?

Questions such as:- What type of real estate do you want me to disclose?

We didn’t since we already have teak plantations in Belize and didn’t need to add that type of diversification.