Starting out with little capital.

[Steven Scheer]

Hi all!

New to the BP site and excited to network with like-minded individuals about investing in real estate.

A little about myself: born, raised and have lived my entire life in Wisconsin. Married with no human children but with two cats. Currently working in Information Systems at a prominent life insurance company but will need to become my own boss. Why? I'm just built that way.

On to my topic. I am reading "The Book on Investing in Real Estate with No (and low) Money Down". Excellent read, so far.

I was wondering if anybody has any experience with the scenario described on page 83 where the author describes a situation where a hard money loan was obtained, then refinanced.

I have very little capital and zero experience in investing and was wondering if I were to obtain a hard money loan, how long do I have to wait to refinance. For a LTV mortgage, do I need to have a down payment? Does anybody else have a success story for this type of scenario?

Any help you could provide is greatly appreciated!