Keep on stacking that pyramid though!

After sifting through a few sites that were clearly pyramid scheme type business opportunities, I stumbled across one link with a video of Josh Dorkin and Brandon Turner where they were breaking down the basics of REI.

I called and was turned down by: US Bank, PenFed, BofA, PNC, SunTrust, Flagstar, Citi, OneAZ CU, TD Bank, Union Bank, Pyramid CU, TOPCU (I did talk to Ken Krapf in their business department and they will do a Business line of credit for 1-2 years, renewable, for like 4-5%, with an investment property as collateral at 75% LTV), finally I was able to get Jeff at Vantage West CU who will do a HELOC on investment property at 70% LTV around 6.5-7.25%.

Those at the top collect a lot of money - those at the bottom of the pyramid, pay a lot of money.

Transfer fees are generally more expensive than Western Union, and if they can’t beat that, then the only thing it’ll be good for is Russian oligarchs, hackers, pyramid schemes, and laundering drug money.

Quote from @Trent Reeve: yeah, with no backing, the only people that make money are people that have it early and find suckers people to buy it and then get out That's the definition of pyramid and Ponzi scheme.

WeWork was basically a pyramid scheme.

Our focus was on equitable gains, as this is a strategy for equitable gains with intent of Pyramiding on a 3,5,7 plan.

RE is a pyramid scheme, the more people under you, the better so you have more leverage than you think, even as a newbie.

.- Get my parents off of the cosign- Buy another property using 5% down.I am open to all ideas of how to get out of this tricky situation.I hate to be the bearer of bad news, but you're over-leveraged and didn't get good counsel before blazing forward.Four points for growth.This real estate journey needs to be looked at like the pyramids where one block builds on the next, not like Jenga.