His conglomerate is involved in pharmaceuticals, real estate, steelmaking, retailing, iron ore and gold mining, and financial services.

To answer your question though, if I had 400k in cash to spend I would look into either B-/C+ small retail center on high traffic / high density areas next within a vicinity to a big box retail center (some place that might have an pho eating spot, mini-mart, whatever – I find these typically stay full and aren’t hard to lease because you can afford to keep rents slightly below market).

Before they could ever be sold retail or to avoid foreclosure by these lien holders things would have to be cleaned up, so not much point for the end buyer in not having it taken care of at closing.

Those new to notes generally fail to understand what a note is, the classifications, types of interests acquired, the obligations involved, the rights to enforce the contract, what collateral interests are as opposed to ownership rights, the legal rights of borrowers, the exemption rights of a borrower and the regulatory issues between investing with your money and getting into brokerage functions that require compliance.If you look at mortgage/note investing, it's a far cry from RE with respects to the knowledge required.If we were to put notes and RE investing knowledge in an office building, residential RE would be on the ground floor as you enter the building, it goes up to the 4th floor where small multi-family RE begins having their offices across the hall and that goes up to the 6th floor where small commercial properties are dealt with, small office, retail.

57 Buildings in NYC - The Company has divested in its residential, moving back to its main focus, retail.

So instead of going for a retail rehab he did what was necessary for the fund and sold to them.Also since they're not selling off that means that you can still flip you just need to buy homes that the funds aren't looking at.

This scares away retail buyers big time, but it's such an easy and transforming fix.Red flag - neighbors.

If your exit strategy is to wholesale a particular house, then your back-up plan might be to hold and rent, or rehab and sell retail for full value.

Some times doing an interest only loan like this will keep your initial payments low, while you complete the rehab, but then they will want to be paid off at the final closing with your retail buyer.

For example, if you exit strategy is to wholesale a property, and you will be using transactional funding for a double close, you might have a back-up plan of closing and rehabbing the property using hard money or private money and the selling it retail for full price.