The collateral that would be seized is the subject property.The Exit depends on price range, market, location. 

If they don't have this....they are probably not actual in the business of managing property.Well I think both right?

Once you get your systems down, you have a real estate business model that you can take to any market and be still be successful.

We really stretched ourselves thin. we did not perform our own inspections because we were busy raising finances .. and our agent insisted we use the same company who did the initial inspections to “get a report in our name” .. we went for visual inspection with our agent and found the master bathtub was  upside down — they said there was a chip and seller was fixing the tub.

And some of these loans are for 30 years – that’s longer than most businesses and longer than most marriages!

As with all real estate investment scenarios, it depends on your situation, risk tolerance, and the tradeoffs involved.   

It all depends on what the house needs, how much you have to put down, how long you want to or have to live there, per financing guidelines...and how badly do you want to have to move out also???? 

Loans can be as low as $50K or as high as $300K depending on whatever factors they are looking at in your financial profile.  

My best market to sell them are through attorneys doing business and estate planning.

I now run several real estate and related businesses and am loving every minute of it…except for the mask mandate rules that change as fast as the weather.