I’m sure it’s defeating but If your making offers on deals your finding on the mls then it’s no wonder your frustrated !

These properties are often self-managed or owned by slum lords who are defeated by the process and too cheap to maintain them.

But you still need to go talk to the banks to see what/if you can get approved for and then see how that would change if you had someone co-sign.Expect to hear a lot of No's, maybe a couple of laughs and to feel defeated after walking out of each bank but thats all part of the game.

I could be pretty successful in both of those, but the risk of defeat is too high.

I will end up with large tax bill for my rental income defeating the purpose.

It defeats the "passive" aspect.Thank you!

Putting more money down defeats the purpose of buying RE, and especially taking advantage of using a PML. 

In Brandon's article he mentions holding his properties in an LLC.When I first started setting myself up for a RE portfolio, my wife and I - on the advice of our CPA - created an LLC.Now, as we search for lenders to finance our first deal (duplexes, to start) - they universally tell us that we CANNOT title the property with the LLC; it must be in our own personal names despite "personally guaranteeing" the loan.To me, this defeats the whole purpose of forming the LLC to begin with.

I feel defeated because I spend so much money and I have yet to close my first deal.

I've talked to lenders who have offered delayed financing options less than six months after purchase, but this option is always based on the purchase amount of the property, which defeats the purpose of BRRR because it misses out on the equity that is added by improvements.