However, some investors don't mind this strategy if they prefer not to put a lot of liquid in up front and plan to refi out within a few years of closing (which seems to be a great option with the talks of the FED reducing interest rates this year).It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.

I am taking a salesperson license exam this year to get into the industry and use these commissions toward closing costs.

Your scenario is possible but not probable...admittedly I have never done what you suggest I've been the seller financing sales in my IRA, but I have read several BP contributors that have substituted collateral.

Quote from @Jonathan Warner: Quote from @Corby Goade: I've got a few tips- like any other business, this is a relationship based thing.

Appraiser's learned a valuable lesson in 2008 when they were accused of being one of the causes of the great recession.

Around this time I discovered Bigger Pockets and a bunch of real estate platforms online.

I borrowed $30k on a personal loan from Discover for 15% with no fees for a plot of land and paid "cash" for it.

Also for me I do not consider this as investing in real estate.

Bruce - thanks for sharing this info.

Hey everyone,I'm in the process of purchasing a multi-family apartment building and just discovered none of the current tenants have any kind of move-in inspection.