Michael, the promissory note has a clause that if the appraised value falls below the purchase price the balloon an can be extended XX months.

I don’t flip & have moved into mostly passive syndication deals for apartments & more.I did use this strategy recently to invest in a mining operation for Cryptocurrency that’s surviving this massive extended correction.

I live in East Idaho but do Hard Money in the magic valley as well.

I have lived here all winter and replaced the roof.  

As the owner of 37 doors I can tell you it’s an easy, laid back, living most of the time.  

Hey Adam, goodluck on taking a new job and making the big move and upgrade living here in the Tampa/St pete area! 

.= approx. 700My monthly cost for living in one unit= approx $1800 (which is what I pay to rent right now).

I live in Mississippi but willing to invest in surrounding states.

Being appraisers, we are familiar with estimating "cost to cure" of deficiencies, and we know useful life of short lived items so we can build seller credits into our offers that will help mitigate monthly costs to us for reserves.We are going to take it slow and steady, as I said, with an eye on returns that may not be spectacular but still rival the stock market in a sector of the economy we know well.Thanks for the encouragement @Dave Meyer!!

Hi everyone,I live in California, investing in the Midwest.