If the note goes south, yes you get your principal back but in my eyes you still lost due to the opportunity cost of investing this money in a lower risk lower return investment.

Going through audits and inspections was eye opening.

And you get the benefit of having over 80 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

Putting a large down payment to make it cash flow or break even is not a good idea in my eyes.

in my opinion i'd rather be ahead of the curve than playing catch up. 

Hi All,I'm still in the hunt for my first B&H property and have my eye on a homepath SFR in an up and coming area in Kingston, NY.I finally got in touch with the Realtor and she let me know, by e-mail, that there is already an offer on the property and is being negotiated.My question is, and the answer may be obvious, but is there a chance that I can still get an offer in and what is everyone's experience in this situation?  

In my eyes, if you have to clear the land - why not make a little more money from it right? 

And you get the benefit of having over 80 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

Greetings, I've got my eye on a 3/1 & 1/1 duplex in Greenfield Indiana.

And you get the benefit of having over 80 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.