I'm looking for a patient ally to help me invest in a multi-family property.I'm open to commercial-level properties and have an intermediate understanding of the dynamics of commercial vs. residential.I'd like to have a Skype conversation with a more experienced investor who is willing to help me work out some kinks in my plans and shed some light on my market.For those who would prefer to reply here, I'll go ahead and state my goals:GOALS:1.

Here is what I know so far:- Hard Money lenders are short term, 12-18months- Rates can be 12%-15% in my area because they want to create immediacy behind them getting paid back- I'm not familiar with other fee's and expenses with a lender that you mentioned- Have multiple exit-strategies if things don't work out.

In some instances it will happen, but not very often do the numbers work out for development purposes.

My Mom doesn't want the house anymore and told me that i can take it and work out a way to pay off the mortgage. 

They just don't seem to work out very often.

That being said, guys get hired all the time who have bad histories and some work out and some don't.

I would like to attend some of these but travel a lot for work so it doesn't usually work out for me.Make sure you take a close look at deals as good deals are hard to come by at this time. 

But without a couple folks to help evaluate a deal, it is incredibly easy to wind up with a property that doesn't break-even.We read about successes on here, but not often about the deals that DIDN'T work out. 

Also make it a month to month lease so if things dont work out you can end the lease quickly.

I even considered exotic dancing, but alas I have a dad bod so that wouldn’t work out 😀Balance transfer credit cards at 0% for 12-15 months.