Congratulations on launching Mindful Real Estate Partners, and it sounds like you and Matt have had an incredible journey so far!

Most I know fully disclose what they’re doing, the risks to the homeowner as well as the benefits, and will actually tell the homeowner id\f they think the homeowner has a better option.  

This is basically an unsecured personal loan, like a credit card.

Looks like it is working good for me.

Sounds like a game-changer, or does it?

Quote from @Stuart Udis: Have done over $15,000,000 in originations in the past 9 months and likely originating an additional $5,000,000 before end of year.

@Greg Hammond If you decide the property is no longer worth holding on to and you decide to sell, in addition to the capital gains you want to consider depreciation recapture as well as any closing costs and commissions.

I've only done one of these and the seller was well versed and kind of led the way so now it is my turn to get educated on it 🤓After lots of reading/listening/learning I am wondering why do we all tend to use LLCs more than Land Trusts in Florida?

I'm talking to the seller's broker, but I would like to find my own people to assist with the due diligence period, such as an SBA loan broker, an accountant with experience doing QoE for this kind of transaction, and a lawyer.

If the sewer is still functioning (sounds like it is) you get to decide what to do with the money.