It's been amazing so far.

There's a lot of opportunity for that in the Highlands area of Denver with some of the older larger homes there and also in Arvada because the hills make it so that some basements are walkout and can easily be divided into an up/down duplex. 

So basically the buyer was green or under funded.

You've already offered to reimburse them 25%, so the only difference we are talking about is a maximum of $300.

I would like to know if the 11.02% answer is correct and if so how did they get it lol because like you said the rest of the IRR equations check out in the chapter.

@Zachary Wurtz  The basic docs. for a real estate loan are a "promissory note" (often just called the NOTE) and a mortgage.

So hence the cowboy house was born out of this and this was one of our more fun projects!

Let me know what you guys think I have about 70 K in liquid cash $250k in a heloc , so total is $320k I’m working with Option 1: Go 5% conventional on a two family home which would be about 90 K with down payment and closing costs , I am preapproved for 950 K .

I liked him and what he was offering (and being in the coaching space myself, I’m not at all bothered that he was selling something) but I’d never heard of him before, so I wanted to do a bit more digging before signing up.I am curious if anyone in the BP community  has had experience specifically with him, his courses or coaching program and would mind sharing their thoughts. 

So, they would want to know if there was a substantial decline like that.I haven’t seen a change.