Most regular banks like chase and bank of america will not count this income from the other units until you have two years of history as claiming the income on your taxes.

Sorry for the baseball reference for those who don't like America's past time.I'm a new investor and after putting in some time with books, blogs, this site, and Bigger Pockets podcasts, I took the plunge and since August have closed on 3 deals with a potential 4th in the works.  

Fund america

That coupled with other investments, 4% rule, etc will allow me to retire young at a level I'm comfortable with and allow me the time to focus on creating value through ventures other than selling my soul to corporate america.

@James Cannon the link doesn't exists. loans.com takes me to a Bank Of America site so I doubt that's where your mentor sent you.Do you have a working link?

Does anyone happen to know how to bid on foreclosure sales or tax sales in countries in central america.

It is 5 acres, on a beautiful island in a river, in the middle of one of the most touristed areas in North America.

So I kind of feel people who say it can't be done, might live in an area where that is not possible (I LOVE the "7 Years to 7 Figures" webinar but you can't even get a duplex for less than $300,000 and you can't live for free to house hack a FHA loan because the rents are to low... if I painted all of America with that brush I would never get out of Oklahoma... and that is my WHY for investing in Real Estate (there are people who have no problem driving on icy roads and in 4 feet of snow drift.

You have to consider that Brentwood is one of the most reliable markets in America and that it's LA, so everything is expensive here.

I have a HELOC from Bank of America on my Tennessee personal residence but they won't give me a line of credit on an investment property.