Our 2nd TD is typically at 15 % interest.The 3rd TD is net profit split after all expenses.What we do, to recuperate our initial investment, is sell our 2nd TD note at 15%... while keeping the 3rd TD S.A.M.

That is one of the ways I could go if I invested somewhere that had too much travel expenses where I would not incur many travel expenses that I would have to have otherwise.That way a Turnkey company or friend that lived there would typically have finance and contractor connections that are local.

Traditional banks and credit unions typically require a lot more documentation that a hard money lender does not. 

As someone else stated, banks will want to see a couple of years of rent roll typically , so do a solid job of estimating the current rents for those units and what additional CAPEX is required, apply a 50% rule and CAP rate for the area and that’s the value.

Your typical investor will run for the hills on this deal but there’s a lot of upside and fear drives a lot of those decisions .

@Laila Ea this is typically the landlord responsibility.

You typically have to have a connection/know someone in order to get them to do that, but of course it all depends on the contractor.

It's a great option for 1st time homebuyers, but remember that it's typical for the condition of the loan to be that you must live in the home as your primary residence for 1 year or more in order to qualify!

Typically you want to be on the west side of Germantown Ave but overally the area as a whole is super solid.

A typical Hialeah condo ask $160k and can be rentrd by $1,500 month but I was told that most of them do not homd reserve.