I was only familiar with collateralized debt.So when I was lamenting the fact that I could not get money for more homes an entrepreneur friend said, “call the bank and get a signature loan”.Having never heard of this before, I called, and sure enough, IF you have good credit and income, a bank will give you $25-150K just for your signature…to go buy cars, pools and pay for stuff you don’t need.Or, you can use it to buydistressed real-estate.So, here’s where it could go bad.Don’t be stupid.Have your exit strategies.Then execute.My typical deals look like this:HUD/Homepath/VA forclosure wants $41K for a home with an ARV of $65-75K.Let’s assume it needs $10K.I start my bidding ridiculously low, so $24K, but eventually get it for $28.5K.I use “cash” and close fast and get it rehabbed in 2 months…could be faster, but that’s the average.Immediately after I close, I am looking for ways to collateralize the debt…ie REFI.Because right now, I own the home OUTRIGHT, w/ no liens.I do have this other debt not associated with the home and I want to pay it off ASAP before I have to make my first payment.I can 1) use a portfolio lender (typically 80% of receipts, then I retire the rest of the loan w/ my cash).2) Wait 6 months and use traditional financing where I have the possibility to getting all of my money out of the deal since they go off of appraisals, not receipts, typically 75% LTV.While I wait 6 months, my payments on $35K are around $500/mo.Home rents for $850, so I can do this and still pay the bills.3) flip the property to a new home owner and make 7-10K after expenses or 4) do nothing and pay the house off in 7 yrs w/ the 9% signature loan.I hear of people using hard money and the expenses associated, but for the smaller deals like these, IF you have good credit, they don’t make sense.Thoughts?

Entrepreneur:  is living a few years of your life like most people won't so that you can spend the rest of your like most people can't.

That's a broad generalization, but I do wonder if I would have succumbed to a similar mindset.Anyways, I wrote about this topic briefly a few weeks ago, and I thought I'd discuss the merits of an MBA for entrepreneurs specifically.  

Through these events we have learned that the Real Estate Investing industry is a team oriented business comprised of highly motivated entrepreneurs.

People like Mark Cuban and other successful entrepreneurs have been heard saying “diversity is for idiots” because you can never know what’s going on with every investment you make.

I am self employed and have always been an entrepreneur.

Andy is a self claimed entrepreneur which does not have any support evidence.

We also have investors (sometimes myself) that fund land development projects which can also include large residential or commercial development projects including, but not limited to casinos, hotels, stadiums, golf courses, etc...I have been a very successful entrepreneur who started from meager beginnings and enjoy teaching and helping both newbies and seasoned veterans to achieve their real estate investment dreams.I look forward to getting to know the other members of the group.

@William Bentley Just put "Entrepreneur" in big bold letters

The same ENTREPRENEURS are publicly bashing and talking down against other ENTREPRENEURS.