I just want to connect with other people who are doing short term loans on real estate projects that are not institutions.

J Scott breaks down all the fixed costs on closing a wholesale/flip deal.

That's why we started offering BRRR Turnkeys, where we help investor source a property (or they can find on their own), we rehab it, supplying rehab videos so they can see what was actually done.

Does anyone here invest on SFH, townhouses, or condos in Tri-state or the North-East in general? 

Does anyone have any good options that are safe and won't break the bank?

While I don't see it on the IRS tax information, if I remember from the conversation with him, I think you have to buy properties that need significant improvement. 

This is when you buy a primary residence (1 to 4 units, the more the better) which you can usually get for a very low down payment and get the best interest rates on and then rent out other units and/or bedrooms within your unit to pay for the mortgage and other expenses.

How are you going to monitor what's going on with a bunch of randoms living together?

Many syndicators, including myself, base their projections on a five-year term.

Purchase price: $430,000 Cash invested: $85,000I bought the property partially renovated on the interior, then proceeded to do updates to increase value.