Opps, What you shouldn't do just getting started out.

[Jeff Wright]

So you read everything, watch everything, save, work on credit, etc, then it's time to buy. You build a team of folks to help, and you purchase 2 properties in the same week. With Cash! Your teamate contractor gets you a bid on both to get them fixed up! The BRRR is going great! The houses are fixed, the Property Manager hired, and your tenants come in! WOO HOO!! now its time to get that money back out of the properties. But you cant... Wait, what?

The only information I left out of the above was the price.  Nobody ever told me that when refinancing, or financing after paying cash, that finding a lender to give you a loan on anything under 50K, is darn near impossible.  The duplex is worth 65k now, and the SF is worth 55 now.  But to get a loan on the usual 75% worth of equity... negative.  Even packaging them together into a portfolio loan... negative.  If the loan they give you isn't at least 100k... its probably going to be a negative. 

We didn't know this issue was an issue.  Just for those planning to do what we did first starting out... you don't know what you don't know.  Now ya know something else.