If done prudently, higher leverage does result in higher returns, and lower leverage results in lower blood pressure.

Chances are, getting it back is going to be a lot like squeezing blood out of a rock.

I live in Sugar Land area and I would love to attend real estate events or meet someone for a coffee to learn more.I'm looking forward to meet some of you.Thanks,Alvin

If you buy a property with a family in it, you have 90 days to begin the process of deleading, if you go over the 90, you become liable if that child has an elevated lead blood level (LBL).

Don't have your parents deed the property over to you, as you will be owing Uncle Sam some sugar. 

Hello,I would like to network with trusted painters, plumbers, flooring, electrician, AC, roofing and other fixing house related contractors in the Houston area specific to Sugar Land, Katy and Cypress.

Then you'll need private money or hard money to buy off future anticipated value or ARV - after repair value.The only lenders who lend off this with limited or no documentation are PM's (private money) and HML's (hard money lenders).The rest of us bankers are going to ask you for everything including your blood sample (joke).On a serious note you'll be required to furnish:- most recent 2-3 years tax returns, mostly two years, and sometimes one year tax return if you're self employed - most recent 2 months bank statements to document your down payment and closing costs- most recent 1 months paystubs - copy of drivers or state issued ID- more items depending on your scenario + lots of explanation letters if there are gaps in your residence history or employment history in the last 2 years or inconsistencies in your credit report, statements, or tax returns.There are three legs to lending - 1) assets, 2) credit, and 3) income and the more legs that are verified the lower your rate or better your terms will be.with PM and HML its mainly just asset and personal relationship so your rates and costs are higher for bonifide reasons.

I even started to wonder if maybe I should wait for the stock market to crash again, and then just put money into the stock market when there's "blood in the streets".

You're probably going to need to find a CO-GP aka "sugar daddy to sign on debt, front some equity at the front end etc. but one of those $10k people might serve that purpose.  

The problem Matt points out is real, but no worries ... it has an easy solution for a lazy millennial ... two words: sugar momma :) ... it is just as easy to fall in love with a rich girl than it is with a poor one...