If you’re looking for speed, flexibility, and a customized solution for your investment, private money lending is a great choice, even if the interest rate is higher.

Quote from @Tim Miner: Hi, I am a Real Estate investor in NY who is looking to start a Mastermind Group here in NY.

Sometimes back of the envelope underwriting is ok, but not enough information is available here to suggest this is a $520k-$580k opportunity.  

My thought is FLA is sandy soil and you simply dont have as much problem as other areas.. its very cheap insurance for a buyer.. and now a days 10 to 20k to replace the line is kind of the going rate..

This is a complex strategy that requires the right expertise.What is a zombie foreclosure?

It is in leasable condition but has below market in-place leases.

The house is a 3/2, built in 1950. 

He is associated with our local REA. 

While the stock market is on the roller coaster, getting people to invest in real estate right now is just as challenging or even harder for passive investors to invest in real estate.

Hey Ryan, I know there are some folks that provide this service but I'm not sure exactly how it works and how much trust is involved.If it's any consolation, I wouldn't sweat it too much.