@Jon LaGuardia could you please share more info on the course?

They just bought it last year, so not much equity, still $760K on the mortgage. 

Wise lenders have borrowers sign legal agreements and have them provide collateral that is worth more than the amount of the loan in case the borrower doesn't make the promised payments on the loan.

@Argel Algura.Congrats first on your last.year and how much you have accomplished in a short time period. 

Of course he offered no basis for his accusations.  

I have done it successfully on my last 2 buildouts, maybe 3, but only because I was able to acquire the properties at a very low price and I did all the work in-house (myself and some hired hands on staff).

I got about 20ish page of hand written notes from the 3 day event.

The only real advantage to using an FHA loan is to offer only 3.5% down payment, which in my opinion is barely justified as an advantage. 

@Jonathan LudizacaIt really depends on the market.

You can also check out the PassivePockets Podcast and if you take up my first idea, The Hands Off Investor by Brian Burke is a great read.