You just can't get the types of loans for notes that you can for rentals to make that strategy work in the note space.

This is more of an appreciation buy)If we did a typical 30 year commercial note at 5.5% APR (how we get financing) we'd have a free cash flow of about $400 per month. 

what i do is always try to understand why they are selling what their needs are, sometimes they just need enough money for a medical procedure so I give them that much down and have them carry the note or wrap for 5 yr carry

Sticky wicket.As of now there is no cloud on title?

Note that it's focused on building up a relationship between your buyers and seller leads by making you look knowledgeable about the market as a whole. 

I have noted the upcoming Apr 25 meetup.Westchester MF are often closer to $500k and carrying costs are higher than CT due to higher taxes.We saw a short sale in Verplanck that MIGHT fit the need, but after much deliberation we passed since we had a harder time seeing us living that property (though the numbers were compelling).We are taking a very disciplined approach towards this acquisition. 

Please note that this 97% LTV program could only be used for one of the residences in the portfolio - the one you intend to occupy. 

@Kevin McGuire I’ll take a listen tomorrow - side note Freakonomics impossible burger one has me looking for it in restaurants!

If I buy a property in a Land Trust,Or if I originate a note in a Land Trust,Then sell partial beneficial interest in the Land Trust to multiple individuals,Do I need a PPM and need to have this passed by the SEC ?

On a side note, do you ever head to the REIA meeting at Ingersoll Tap in Des Moines the third Thursday of every month?