It is not a get rich quick scheme and it is not easy money. 

Lower cost of funds at higher LTV than bringing in investorsWith the right SBA lender, you can close within 30 to 45 daysBetter fixed rate pricing with 504 program than traditionally bank financingGenerally more flexible underwriting with SBA 7a, and the right SBA lender

Hi Jerome - MTR is certainly one of the areas of lending that is still new and lenders are still adapting - probably going to run into trouble with more traditional and conventional lenders - which generally take a long time (years) to adapt to new trends like thisI wrote about this late last year as one of the developments to watch for 2024 - particularly how DSCR Lenders are approaching, which is likely the best bet for this investment type currently (but note not all DSCR Lenders are the same - so will need to vet and pick one that is MTR friendly and generally forward-thinking)What’s Next For DSCR Loans?

Traditionally Condos react first to a bad market and last to a good market.

I thought it was just for rich people to do. 

Lots of "get rich quick" gurus out there about buying deals with no money down or "creative financing" that when you peel back the curtain you realize is a scam used to sell courses online. 

I work in analytics consulting and have managed my finances and investments well by myself. 401k, investment accounts, high yield savings account, own a house in a nice neighborhood with a traditional 30-yr mortgage, etc. 

I don't have the money to pay cash for a home in order to get around that requirement, so i'm looking for ways to finance future deals without going the traditional mortgage route.

A prudent investor doesn't seek quick riches through shortcuts.

But it's not simply locating rich people.