Quote from @Staci Rogers: Hi Scott,@Stephen DiJulius can provide you with great insight on the Ft Wayne market. 

Quote from @Roger D Jones: This is terrible and not legal in any way but it was pre Covid and the rules were a little less restrictive. 

Family member, rich uncle, family friend that your parents would trust.#2. 

Uncle Sam doesn't pay that much.

Too many entrepreneurs make good money each year but pay Uncle Sam 35-50% of it.It takes a long time to build a massive wealth snowball when 1/3 to 1/2 of your snow gets chopped off each year.Real estate can help with this.

Purchase price: $88,000 Cash invested: $44,811 Sale price: $190,000 1 bed 1 bath 3rd floor walk-up just a block from the lake in Roger's Park.

When bought my rogers park 4 it cashflowed about $12k annually now with rent increases and one unit as airbnb I net out on tax return $40,000 off one property, sure the equity gain is higher but cashflow makes life more fun. 

so if you just buy a random property with 100% financing, you'll never pay back the loans with the property - you'll be negative and  have to pay it back with other money.and if you BRRRR using 100% borrowed money you have to really knock it out of the park to get all your money back, which is very difficult to do as a new investor.the way BRRRR works (as you know) is you buy (with money - cash from your checking account, cash from your uncle, hard money, a HELOC, a cm) fix the property up, then refinance. 

Quote from @Demon S Rogers: @Alex Breshears @Shiloh Lundahl what are typically the requirements for these types of loans ? 

Then after that split is taken out, we pay income taxes to Uncle Sam, errors and omissions insurance (in case there's a lawsuit), Realtor's Association dues, MLS fees (so you can look at properties on Zillow), monthly technology/desk fees to our broker, health insurance, car insurance, gas, maintenance, clothing, computer, cell phone, software, marketing, etc.