Most of these ads are garbage; Coupons for groceries that you don't purchase, restaurants you don't eat at, etc.

@Dmitriy Fomichenko and @Mark Nolani'm sitting here with my wife, eating dinner and smiling while we read your information.

Amazing food, but terrible that I can not stop eating

I also want to buy my first multi family for passive income but that would eat up my savings and I'd have to continue working a job I dislike.

But for the majority amount and time, it was set to Automatic investing.I did notice now, after all this discussion, the published rate of defaults (Charge Off Rate) is much higher than I remember in the past, and in addition to their 1% fee, it eats pretty much half of return.

If you bring a deal at 65% of ARV, cash investors will eat that up all day!  

With that said I might as well ask the first thing that's been eating at me since I found this discussion.

I knew nothing about bagels and nothing about hot dogs... got out of it but I was was eating bagel dogs for quite sometime. :)@Kenisha Forbes  as others have explained the Note business as it exist today is quite complex.. and for anyone doing anything with Owner Occ notes or originations its doubly so..

This also means if you find a cheaper flip and do not use all of that money you will still be paying this off and could eat away all of your profit.Maybe if you already had the property lined up and the numbers were all there but this is a much riskier option than a HELOC.

If the sale is not closed does the bank eat the appraisal cost or do they send me a bill?