Without knowing if there was a personal guarantee, collateral, or other compensation in case of default I hesitate to agree with you or the previous responses that the lender took ALL the risk.

I hesitate to say 'deals' the market here is hot.

There is much more to say and others are willing to help here so don't hesitate to ask another question.

If you need any other guidance, don't hesitate to reach out!

Best wishes on your future endeavors and don't hesitate to share more of your experiences in REI!!

If you need any help do not hesitate to ask.

Please do not hesitate to reach out.

We have a friend whose family is a major player in NYC and they snapped up homes when they were essentially ghettos in the 80s-90s.We want to try this strategy, but it seems in these neighborhoods, property managers are hesitant to take on the properties, and they often warn you'll have high turnover and a hard time finding a decent tenant.Anyone who has been successful have any tips and tricks for investing these pre-gentrified neighborhoods?

Agents will call you ask about wiring, cat 6 etc and do not hesitate to give them a hand, but you still asked to be paid.

I see a lot of 3 BR, 1 BA--but hesitate when I see that.I am also wondering how flippers make such radical design moves--do you hire a designer to do all that?