@Pedro OlivaIt's depends on how it's structured, generally it is a note with some interest tied to a 30 year amortization schedule, with some kind of a balloon to be paid off or refinanced in 5 to 10 yearsI've seen simple interest, compound interest, interest only payments, interest paid every six months, etc.Look up imputed interest on www.irs.gov website, which means lowest possible interest that the IRS will allow

I too am in your same shoes.  

Not in your shoes @Ha Dang.

Back to your question though, most beach properties are desirable, but you're going to need better insurance - hurricane season is almost here - and you're going to have to pay more for the property itself.When you're looking at multi-family properties, you should be able to find some with at least partial seller financing, so you won't have to tie up as much of your credit and won't have to buy a property all for cash.

I have ~$150k tied up in this that I'd like to use for buy and hold residential but it feels like I'm trapped.Anyone have any creative solutions to end my pain on this one?

sounds like the wholesaler got a smoking deal when they tied it up... see if they own it or just trying to flip it.

This will force you to consider financing costs and allow you to scale up once you have all your seed money tied up in real estate.

I am in your shoes as far as finances and I am starting slow as well.

Originally posted by Account Closed:yeah I need to post more too...been too busy lately with 4 rehabs, 2 rent to owns and 6 wholesale deals...haha - I can do all that and still write articles for the blog and post on the forums...and with both hands and half of the brain tied behind my back...Get on the ball, Wendell :)

I'm new as well and I'm pretty much in the same shoes as you are.