You could do the same thing in Calgary I feel like with similar results.

And @Jim Costa, I agree with what you are saying about calculating your RESULTING equity if you intend on maxing out with a HELOC variable interest loan.

If the note goes to maturity, the note will produce  $41,933.52 House is in Baltimore County on  Eastern Avenue, Essex, Md.

RE is wonderful but what you think you saw in that family is not the end result for 99.9% of Real Estate investors.

Also eye opening is the potential neighborhoods you discover as a result of driving around.

So locating the property will not necessarily produce a deal.

Kathryn, You are correct that the economic downturns produce more varying results for RE than economic upturns.

If you do a search on "notes" up in the search box on the site, you will likely find a number of results of threads that have been started on the topic.  

The reason being is that we are not trying to produce current income.

The result is that deals are hard to come by and property values are outpacing rents, which makes cash flow difficult in a lot of areas.Figure out what your goals and criteria for an investment is first.