"I took over a 2% modified first"No agent called me and asked if I wanted them or the 3 other properties in the Inland empire we are closing on this month.

I currently live/work in the Inland Empire and the farther east you go from LA the better deal you might get.

Also thanks for your words of encouragement but her actions aren't going to stop me from building my empire.

I'm definitely looking to expand my "empire", as my agent likes to say and hope to be the rare grad student that starts with nothing and graduates with $250k in net worth as opposed to $250k in debt :).

But in order to qualify for easy financing, and launch my real estate empire, I'm thinking I will need a regular salaried position to make the underwriters happy.

So I go check out the nearest REI Club for the Inland Empire, its like $40.00 to start being a member...Now I will take some council, am I Just being cheap?

That keeps our home off the hook a little bit, but also provides the capital we will need to expand our rental empire (smirk)The other end of the spectrum would be to max out the loan This means we could take a great vacation (another smirk) This would result in no cash flow, but one could say that we are taking the calculated cash flow in advance in a lump sum Explanation: If we were able to take out $12,000 from the loan you could say that amount would be equivalent to $200 per month for the next five years, and since it is not income, it would not be subject to taxes This would provide the most risk since our approach is that any cash flow that we have, could in essence be used as a reduction in rent if the economy tanks again This option would also restrict our future financing efforts as the property would show no positive cash flow (except for the short-term vacancy, repairs, and capex allowances used in our calculations that don’t really go out in cash each month)My feeling is that we continue on the course we planned and only get the loan for the amount of our cash into the project.

@Garrett Hawk it is not like that maybe .5%-.75% but we do have prop 13 which helps over the long term, however the central valley and Inland Empire are cheaper than the rest of CA

I don't mentor people - I am not a guru and I am busy enough as it is raising money for deals and overseeing the empire me and my partner has built.

I'm working on the beginning stages of my Real Estate Empire....