There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

A duplex, triplex, or fourplex is ideal because the more units, the more financing options banks may offer.

Purchase price: $1,000 Cash invested: $15,000 Sale price: $34,500 Bought this property from Detroit Land Bank Authority.

Almost every dollar I make (active or passive) has a job when it hits my bank account.

Some banks may lend as a HELOC on the rental property, or refinance it, but you're right you'd have to get your mom on board for that. 

Bank owned landlord built them specific for tenant rentals. 

If there’s anyone that attended one of these MFM seminars and is considering it, let’s connect as I believe we can create a win-win and you can actually be an investor rather than a piggy bank for shops like them.  

Hi Shawn, When I left banking during the last major crash and started this company, we primarily were a commercial bridge lender, but we also were a real estate investor.

Banks DON'T just get to keep the entire proceeds.  

But then again every lender that is not my commercial banks I find frustrating. :)..