@David Matarazzo  Did either of you move forward with them for property loans?

Let's say $300k, you then agree to the purchase price but add your own terms (ex. 0% interest, 5% down, 16 years to pay back).This way, you're paying (example) $1,800/month but renting the property for $2,400/month and pocketing the difference.Anyone have success doing such a thing?

But in all my years at these events I would say MAYBE 10% of the folks actually did anything with it long term..

I believe interest is tax-deductible if used for property improvements or purchases, and it gives you quick access to funds while keeping your stock portfolio intact.Private Money Loan: If you have a trusted partner and terms that work well for both parties, this could be an efficient solution without tapping into your other assets.

I did all of my loans with small local banks in my area and was always happy with the rates and service.

If he has a $5MM loan in place, what was that used for / is it coming due/ was it short term/ etc.?

Hard money loan that covered 100% of rehab and 90% of purchase.

If not, at least make sure that you get a term sheet.

I'll be looking for long term rentals that don't need any major repairs initially. 

If you’re paying off less than $800/mo on your loan id say sell come April selling season.