Although it is nice getting a vacant property back periodically where you can flip for a big payday. 

When we initially agreed to a purchase price, we thought our price was good & we had instant value.

If you decide to sell the home look for an apartment deal that instantly provides positive cash flow. 

Once you've run numbers on a lot of properties, you'll know what a good deal looks like almost instantly. 

If you're familiar with the "BRRRR strategy", you know what I mean by (instant) "additional equity".

I’m really interested in the Heloc because I don’t have to instantly start paying on it until I use the money but today what I was told today by Pedfed credit union today that I would not be able to get a Heloc on any of my properties because I’ve been grouped in a category of having 4 or more properties.

Tyler Jahnke I would buy a partial performing note that way you know where your $ is going and you get instant cash flow.

An investor is risking a lot of money and the only pay day comes at the very end once sold (in the flip model).That said, I do agree that a strong relationship with trust is essential to both successes.

You ended up with instant 70% equity versus 20% equity a buyer would have if they paid full price.Still your numbers on this property are not very good.

My contact at Zillow mentioned this a mainly a play to try to get Seller leads to zillow agents. 97%+ of the sellers that click the button to sell their home ended up not wanting to go through with the zillow instant offer....they then know that the owner wants to sell and send that lead to an advertiser to try to take the listing....