Typically then offer ARM  x years, due in y with a balloon and you need to refi just prior to y.

A thought I have been toying with...I have a friend who is a "money person"....She and I have discussed starting an REIT... the members "purchase" shares in the trust, the pooled money is used to buy real estate... it can be commercial and generate rents that are distributed. or residential and used to flip properties and split the profits.

Originally posted by @Shannon Toye:@Jd Martin, yes that is my fear as well.

So I sold all of my toys and got into investing into real estate as a path to a sustainable retirement. 

That said, most major carriers offer them at very good prices, however you must have specific underlying limits on your auto / home / rentals / toys / home based businesses / & certain professional designations i.e.

Absolute worst case scenario (aside from a major disaster) is I end up with a $35k toy I could live in.

I plan to flip but am toying with the idea of keeping.

I love how many areas this forum has, it's great.On finding private hard money lenders: Has anyone toyed with the idea of really marketing to people that otherwise do not invest in RE.

Maybe in the meantime acquiring enough for a few (modest) toys I can enjoy while Im still young will satiate me. hahaIm wondering how many properties Ill need to get an 8-10K a month cashflow once theyre paid off.

Toying with the idea of turning it into an air bnb property and keeping the other 3 units LTR to keep stability.