This option gets me more money (if it doesn’t foreclose), allows more time to sell but still eventually has the risk of foreclosure.3)I help the owner pay for some of the repairs, create a loan for compensation, list and sell partially rehabbed for maybe a little higher price and hope it closes before the bank finishes the foreclosure.

Eventually you will generate your own parts warehouse.

Hard money is a great tool to leverage, and is a nice stepping stone to establish a portfolio to eventually setup using private equity.

Welcome Joe Lane. since you said you eventually want to mentor others a great way to start is to share your experiences with others here on Bigger Pockets.

Believe me I have been here before Short story : property was on northwest side of Milwtown ( about 4 years ago )~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Many different showings but was 99.99% tire kickers-> owner eventually got upset about the traffic – many shows <-What I learn on that deal – only show properties to true right now buyers ( interior )and keep a list of future buyers by meeting them at local coffee shop or another facility.

I would like to eventually get into larger properties and potentially office/retail and apartment complexes by doing 1031.

I eventually would like to get out of the everyday headache of resteraunt and working, I would like to start with a sfr or duplex, I wanted to go right to a 4 but feel like that may be a surprise and would like to work my way up.

I asked him how he would make money, he said "eventually sell it to a Chinese politiburo".

Gaurav, you have been given wise advice by our learned BP Brothers.Here is my .02:This sounds like your personal residence v. a rental property.So if the missus has already mindfully moved in, this is a subjective purchase. . . . rather than just about the numbers.If it is a good deal, and it is what your gut says. . . then suck it up and pony up the piddly $8500, the appreciation will eventually erase whatever perceived mistake you feel you have made.If you get an attorney involved and suing for Action for Specific Performance, it will cost you thousands to donkey punch the seller into complying.Of course don't just lie down.

Thanks for the warm welcome.Hey @Brandon Turner, I eventually want to buy and hold.