@Mike ReynoldsAny property to cash out many conventional lenders want 6 months - condos also need to review condo docs etc to confirm it can be financed.

But you must have a pre existing relationship with them. 506b also has onerous reporting requirements like a yearly financial audit that will run you $10-$20k, so if it’s less than $1M a 506b may not be way to goAnother is a reg a+ offering but that costs $100k+ to setup and requires registering and review by sec.If you want passive investors who are not accredited there are not many options.

Unless the attorney spent time reviewing your facts; this may not be good advice.

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*This link comes directly from our calculators, based on information input by the member who posted.Hello y'all,this is my first potential deal and I kept messing with numbers extensively...

I'll be sure to add buildium to my review list.

I would first review what your criteria is.

Thank you for the reference...I have been reading a ton  of literature and always looking for another book..I'm going to buy it right now...thank you for the recommendation 

Unfortunately this was a little while ago and I'm just now reviewing and comprehending what happenedMinna - This was through a local bank.  

If they just represent first time single family home buyers and aren’t constantly finding off market properties and reviewing deals, you’ll find a better investment through someone else.

If they just represent first time single family home buyers and aren’t constantly finding off market properties and reviewing deals, you’ll find a better investment through someone else.