What you're probably hearing about I was just discussing in another thread.You use a non-amortized credit line such as a HELOC to pay off an amortized loan in a shorter time.Because amortized loans are "front-loaded" - initial payments are mostly interest - the balance comes down very slowly.Non-amortized loans pay down much more quickly.

I think I saw something on the meetup website about a "flipping for charity" event sometime very soon?

Initially we planned to focus on fix and flips but we very quickly have realized we don't have enough equity built up to jump right into a rehab.

After reading the initial post, I was expecting more comments demonizing that pot smoker, who must be bad person and deserve what he gets. 

Or does it compress according to their initial basis?

We initially had around $45k in the project, with our construction loan being $161.6k.  

I also want to build that legacy for my children which is why I named my company LKE which is my 3 children's first initials.

@Jesse Hummel, not that it matters too much, but it might help us assess the Sellers' thought processes if you told us the initial asking price.

But that sounds like a good way to raise initial capital.

The initial boost will come as people watch their stocks and bonds decline from negative rates and a weak middle class economy, and look to take charge of their nest eggs.