But I have close to nothing to offer as collateral, and no liquidity for a down payment.I would search for an answer to this question if I could think of the right way to phrase it in a search string, it's probably a stupid question, but here goes:Would it be possible to offer something MORE secure, thus making lending to me less risky, than merely allowing them to become the 1st position lien holder?

Blake and Jessica (for some reason my tagging isn't working) are part of our brokerage/investment team, they're both young engineers and they just liquidated their Portland (wealth building) portfolio to purchase cash flow properties in Alabama.

Then have a handyman open up the Sheetrock and spray a bacteria killer inside the wall followed by running fans in the room for a few days to dry it out.

If you're in an hot market (i.e. easy to rent), you can get away with holding less liquidity or vice-versa.

The downside for them is that they won't start getting any payments until you do, and there is more risk involved for them since equity holders get paid after debt holders in a liquidation.

At this stage of your life, you need a combination of liquidity and appreciation.

Add that to your current 15K, you have a lot of liquid cash to invest multiple properties or a nice MFH in an in demand neighborhood.

Hi Brian, It's always best to have reserves (liquidity) set aside for your closing costs and to show you are able to get started.    

For those who are able to save more than $30k a year or have substantial liquidity (over 200k), being a landlord and especially flipping is a lot of work.

I have liquid money but would like to not rely on (or use) that too heavily in the case of vacancies, unforeseen repairs and things like that until I can save for those types of events.