We did choose a growth area to invest, and with rents increasing over the years, we did not have to wait 15 years to have more investment income, even with the mortgage payment.

In addition, I also have the $27K I pulled out on top of that as debt (which isn't taxed) which should cover any costs for the next decade (assuming I still have the property and haven't done a refi)BRRRRs are harder to do right now because of high interest rates, higher median sales prices, and increased insurance costs, but still possible with the right properties.

(with a sales price of 500k)  They get a loan for 200k.Each partner puts in 50% of the cash. 

There's no margin for vacancy, a major repair, increases in insurance or taxes. 

Quote from @Shivani Kumar: Quote from @Simmy Ahluwalia: Shivani, these are hard money, short term bridge loans allowing you to improve the property for either sale or rental. 

Once we successfully closed those two deals, our reputation for closing deals grew, resulting in an increase in leads coming our way.

Usually, whenever I drive by I usually take different routes and streets just to see what other properties have been listed for sale/check out new construction/flips etc going in the neighborhood.

In an unexpected turn of events, the U.S. commercial real estate (CRE) market has seen a significant uptick in foreclosures, with a 17% increase reported in January.

Also curious if I can increase the sell price in exchange for them to get a lower interest rate?

Investment Info:

Single-family residence hard money loan investment.

Parents neighbor is willing to do some seller financing if I can get a hard money loan for a good amount of the purchase price. Then will ...