@Guenevere F. you're going to need 20-25% down to get a mortgage.If you target $100k, that won't leave you any funds for closing cost, maintenance or emergency reserves.You could try targeting around $80k, but the $16k-$20k down payment would still not leave you with enough.If you buy under $80k, you're probably buying such a low-end property that it is unlikely to meet your performance expectations.

As for properly collateralized performing notes in Vegas I think those are quite safe.

There are three safe harbors that businesses may use to meet the test.Half of the amount the business spent on services were for services performed in a QOZ.Necessary business functions and necessary tangible property was located in a QOZ.Half of the hours of service received by the business were performed in a QOZ.A business does not need to meet all three safe harbors to qualify.

We have found that setting our expectations about what we want is helpful (financial performance, level of renovation we can handle, forced equity opportunities, number of bedrooms, etc) and then waiting for a deal to materialize. 

It creates over-leverage and the performance of one property is dependent on the other.

Hi all! I’m a real estate investor based in Indiana. My husband and I primarily invest in long-term rentals here. It’s a solid market with a median home price around $250K and a rent-to-price ratio of roughly 0.8% (po...

Quote from @Chris Seveney: Quote from @Luis Pereiro: Hello BPI'm looking to connect with investors interested in purchasing a mortgage note (performing).

So you’d be ok coming out of pocket another $130k and paying $780k for this property if the builders fail to perform?

I am a busy man, sometimes more than others, as we all are.I come in here to help others when I can.I make no money from this-and making money is my primary focus.That and handling the responsibilities and time consuming tasks that go with it.I also lead a very comfortable life full of friends and business acquaintances that take up a great deal of my time.

To assist us, we refined our pitch deck and performed some scenario analysis with our financial models.