Lesson #1: Don't grab the tiger's tail until you know what to do with the other end.

I agree with Josh that since it is his site and he works his tail off he has no need to explain it.I will offer this though.

They teach their students enough to be dangerous but not enough to do deals on their own so the student 9/10 times brings the deal back to the "guru" to help close it taking most of your deal you worked your tail off for.

We’re at the tail end of a massive remodel on that one and will have more in equity in that home than my wife has in her retirement plan after 14 years of an employer matched 401k.

I am currently working my tail off to get rid of the very minimal credit card debt that I have, to then start immediately saving to buy my first property in about a year and a half.

Talk about tucking my tail between my legs!!!

Maybe buying properties cheaply and whole tailing them to buyers for cash might be better than messing with the loan avenue.I will have to think on it some more.

They have collateral and are not concerned with tapping into your qualified savings, lender's kinda figure that you have already gone through that before they get to foreclosure and it would only be at the tail end when seeking a deficiency judgment that a lender would start looking for your cash, the fact that the reserves can't be touched by a judgment are irrelevant

These properties do not come close to a positive cash flow and many of these investors have left the market with their tail between their legs.

However, if the property is in reasonable condition, you have the additional option what we refer to as whole-tailing (mix between wholesaling and retailing).