Again I am not advocating for this company and each person needs to do their own DD, all I am saying is I appreciated someone seeing something, calling me on it and having a conversation about it. if @Cheryl Abram  lost 100% of her investment then these must not be first position loans.. as even if a rehab fix and flip fails you still have SOME value in the assset its not nothing.

I am in a pretty similar position. 

Pretty much any regular bank / lender is going to require themselves to be in first position on all the properties... so I don't think a HELOC type solution is going to work across multiple properties with multiple lenders.  

It doesn't work as well now because it's hard enough to be cash flow positive with prices + rates and where rents are at. 

My parameters were that I did not want to add more than 2-3 employees, I did not want to give up control over the u;to are yes - no investment decision, and I didn’t want my position to become a full time job.  

I see that real estate agents and brokers are too negative on sub to deals……investors looking for low interest rates and or low down payments are too positive on the same.As I stated the reality is somewhere in between, depending on individual circumstances.  

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

Our end goal is to be in a position where we can be very selective and choose the clients and properties we work with so that doesn't happen.

Getting the federal return correct is the most important and with owning two properties, there could be some positive tax benefits.

AS noted we have two small positions and communication is very good reports are on time K 1s are on time.. of course we will see how it all ends up .. but for day to day operations compared to the horror stories you are hearing about other syndicators they are doing very well.Thanks!