The way we look at it however is this sort of situation would be OK - but its a one time referral fee - any sort of arrangement with a long-term referral fee / borrower protection is reserved for true professional mortgage brokers - who like @Chris Seveney mentioned, would be doing more legwork on the deal vs. a simple and clean referral handoffvia CFPB on referral fees for business-purpose hard money loans:§ 1024.5 Coverage of RESPA.THIS VERSION IS THE CURRENT REGULATIONView all versions of this regulationSearch this regulationRegulation X(a) Applicability.

This concentrates the equity so it will be easier to access when you need it.If you want a true picture of what borrowing does to your return you have to look at the Internal Rate of Return.  

Is that true? 

However, with the more complicated operating systems and heavy competition, that’s not true anymore. 

remember payments may only be 400 a month at best.. 6 months reserves is a whopping 2400 dollars.. so someone theoretically with less than 10k in cash could get into these properties.. this William I personally think is highly dangerous for lender and for buyer... its not losing the 10k that's nothing its getting your personal credit trashed when you can't make the payments because you lost all your cash.IMHO if you want to be in the rental game you need 20 to 30k liquid at anyone time that you don't have to borrower etc.. this will insulate you from taking a loss. as you build units of course its not exponential but you need a base.And since this is not TRUE cash equity only paper equity there is no hope of selling them for a profit or what you have in them.. 

You can't tell the reality of gentrification and what is true crime vs. petty crime overall.

Although having to inspect beautiful beaches across the world is part of my investing routine.

My goal is to sell for a profit either way, but I’m not sure which path to take.Rehab: The Tried-and-True PathRehabbing multi-family properties has been a staple strategy for a lot of investors.

There is also a True Portfolio program where you can buy a Second Home with only 10% down and can have a back end DTI of up to 49%.Best to have a conversation and go over all options than to take one lenders turn down.

What are the true numbers on the park?