Any drawbacks?

Some fraudsters try to avoid repaying investors' principal by convincing investors to "roll-over" their promissory notes upon maturity.

June 2024 Lee County Florida Foreclosure ReportThe June 2024 Lee County Foreclosure Report was complied by Jeff Tumbarello, Director SWFL REIA , Broker/Owner Steelbridge Realty LLC Principal , Venture Investment PartnersThis is my work, done for me and shared with youThe data in the report came from multiple sources.Those sources are:The Lee County Clerk of Court, and MLS data (from my membership as the Broker of Steelbridge Realty LLC)We haven’t published this report in a while as the market trajectory previously rendered this dataset less crucial for forward-looking decisions.

The drawback I find with Craig's List  is that it has a limited number of editions in any given state, and they revolve around the large cities. 

The draw back to these loans is that they are more paperwork heavy than the other "portfolio" types of loans (more on those in a second)....but if you have ever received a loan on your primary home, it's likely that you will go through the same type of paperwork here with conventional lending.

But the reality is they'd also gain 42k in appreciation (assuming 4% which is conservative out there), and another 8k in principal paydown. 

The drawback of course is that you may be looking at smaller returns %-wise.

Are there draw backs to it? 

While debt holders expect repayment of principal and interest rather than profits, the interest received can be seen as a form of profit derived from the issuer's efforts.

@Christopher Phillips   maybe i'm reading this wrong, or it works differently in NY, but a 6% seller concession normally means the seller is giving the buyer 6% of the purchase price to use however they want in the transaction - be that for closing costs or principal reduction or down payment, whatevs.A seller typically doesn't have a say of what can and can't be included in the borrowed amount, that's up to the lender and the loan program.