This would most certainly be more than 33K if you subtracted the 8K HBC out already, and I'd venture to say its worth more than even the 41K if you did buy it at such a discount.

My wife and I have decided to do this as a side venture.

That will help you determine how far your 30K( assuming the bank will let you take all of it out ) will go. if you were getting into flipping and educated yourself on Private lenders and HML's then you may be able to use those funds to do a few flips, increase your liquidity, which will in turn allow you kick off a buy/hold venture in addition to flipping.

I'm sure that the operation of the property as a rental will provide more than enough DIY opportunities to keep me happy.

But, if you are one of the "first to market" you could enjoy the time and make hay while the sunshines, if you catch my drift.I hope it's a successful venture for you.

Yes, I'll make less per lead or deal, but if I can build a strong network of buyers in five to ten cities (no small feat, but no harder than building up my current client list was) Then I'm building a nice income stream in line with my skills and not venturing into areas I don't want to touch.I'm a marketing guy.

In talking with my attorney about planned future offerings, he suggested that the regulatory climate is such that anyone raising capital for my ventures, including myself, obtain a securities license.BTW, the Texas securities laws and regulations seem to offer contradictory information as to whether a note secured by real estate is a security or not; whether such transaction is an exempt transaction, and whether the party brokering the note needs a securities license.

Please give me more details about your project and I will suggest some capital sources to try.Are you seeking a Joint Venture, re-financing, or financing for a buyer ?

However, family issues have left me without those resources for advice in my own ventures, so I am turning to this forum for advice.

Sell as a turnkey investment to other investor. 4 = Investor with $100K: Joint venture with individuals looking to invest in SFRs.