I tell them if it continues to work out,  I will offer renewal.

What would  a 220k duplex that rents for 2200 mo work out with your equation. 

Sometimes it’s the hard money lender sometimes it could be someone elsePlease also note most hard money lenders also can seek a deficiency judgment which is the balance owed on the loan after it is sold at saleIf you are a borrower you can also work out a deed in lieu which is when you give it to them without going through this processWe recently received $200M in these types of defaulted loans to bid on, so we are starting to see and uptick in defaults.Memphis area had over 50 on the list.

It really depends on the exact location; if the MTR is closer to WEC/HITS, it may work out great.

I'm working with some colleagues to tell the story of how real estate and multifamily syndications didn't work out as advertised for many investments made during 2021 and the first half of 2022, before interest rates took off.

Hey Daniel, I know this is a little late but I work out of the same areas as you and would definitely love to join a meetup!

@Pamela Holmes how did that assignment of tax liens work out for you?  

Just use your imagination and it will work out. 

@Lenita Higgs,Most of us try to pay in full at first, so when we do the BRRRR we can get all the equity out that we put in and then some if the numbers work out.  

This way if “ strategy one” didn’t quite work out, you had a B plan.B) the property MUST have enough equity…AT CLOSING/ the day you become the responsible party, so that if you had to sell…TODAY… you could at the very least, break even/ sell and not lose your shirt.EVIDENCE TO CONSIDER3) NONE… NONE….