It's part of the game. $2K per month for a 3/2 is not bad. $2K per month for a 2/1 is a stretch.

I typically invested in the stock market 10k a year and after so many years of the roller coaster I decided that instead I would invest in single family homes, duplexes and triplexes using my yearly stock market money and cashflow from rentals.I only post because I had to walk away from the deal because it didn't fit the plan I set up and being new to the game I feel until I get x amount of units under my wing and more expericance that I should stick to the plan.I have had a lot of friends make good money flipping and I have some who worked there butts off for 14 cents an hour.

I signed up a couple of week ago and I have been reading the BP starter guide and their other real estate books to gain the knowledge that I need before getting into the game. 

I also have a meetup once a month in Yonkers and we play the rich dad cash flow game.

The lender ends up with a decent return on what is hopefully a lower risk transaction given the skin in the game of the borrower or the high spread of the deal.

I should say now I had mentioned to him months ago during a football game one night that i was working on my first real estate deal, and he took interest in it offering advice and things for me to think about.

It could be a game changer for sure ! 

Now that I've essentially achieved my goals, I'm ready to get back into the real estate game as I sell my current home and pull out my equity which would give me plenty to throw down a few down payments.  

If you are looking for pre foreclosure properties, that is a different ball game.  

Just put simply, all cash means no contingencies and in NYC that's the way the game is played.