Hello Everyone,I'm re-introducing myself after a year long hiatus.I'm looking forward to investing in this beautiful place we call the bay area & beyond.I don't have any investing experience, yet.But what I do have is 10 years of construction experience.I'm a Construction Superintendent for one of the big commercial players in the area.Started out as a Carpenter apprentice & worked my butt off to managing construction sites, from the field side.My main focus is TI's, think remodels of commercial office space.I will use REI to gain freedom of time, movement & energy.I'm looking forward to connecting with like minded individuals & learning a ton.Thanks,Torre 

Purchase price: $68,000 Cash invested: $25,000 Sale price: $125,000 BRRRR:One (1) 3bed/1bath & one (1) 1bed/1bath duplex Purchase Price: $68,000 , Rehab: $25,000 Appraised Value: $125,000Early estimates, performed better than -Monthly | Annual Income: $1,900.00 $22,800.00 Mortgage Pay: $615.60 $7,387.18 Vacancy (5%): $95.00 $1,140.00 Management Fee (7%): $133.00 $1,596.00 Property Tax: $241.67 $2,900.00 Total Insurance: $133.33 $1,600.00 Maintenance Cost: $150.00 $1,800.00 Other Cost: $20.00 $240.00 Cash Flow: $511.40 $6,136.82 What made you interested in investing in this type of deal?

@Richard Kelly Solar panels are not cheap, they may not be the most beautiful thing in the neighborhood but they look like they were professionally installed and in great shape.

On top of that, I was paying for CRMs, websites, E&O, lead generation, marketing, etc.Lots of extra money going out + my own diminished production + non-performing agents = me being exhausted, discouraged and broke.  

I've done some work on my unit, both the interior and exterior, but have not performed any re-assessment.

Most syndications target and perform much higher than 4-6% returns and do provide you with depreciation.

Acts of God and tenant caused damage should not be covered under the warranty for good reason: companies would not be able to adequately forecast the company’s performance and overhead costs, which would impact not only our owners, but their employees as well.A turnkey provider that follows this approach is more likely to be experienced and built for longevity.3.

The borrower and the security (the asset and docs associated with it).As a lender, you want to ensure the borrower has a performance history, can show skin in the game (some of their own capital placed into the investment), and has experience in performing on the particular investment.For the asset, you need to make sure your a LTV (loan to value) does not exceed a set amount you choose to give you “cushion” in the event the deal goes sideways and you need to take the property back.Your loan docs are also important and should include all the things you need to protect your investment such as a deed of trust (or mortgage in mortgage states), promissory note, balloon rider if the loan is not a fully amortized loan, personal guarantee rider (which is only worth something if the borrower has personal assets to go after), etc.For the asset itself, you need to know the strategy (buy and hold or fix and flip) verify the condition and amount of repairs, know the current market value and future market value after repairs, and have a plan in the event you need to take the asset to recoup your investment.

He’s also had excuse after excuse for not providing a schedule or not showing up to my house to perform work.

If I'm buying a non performing note from the bank, owner balance is $148k monthly payments are $1150, the resell value is $175k.