Hello, I am new to real estate investing, been doing a lot reading and watching video's and pod casts. 

I had been financing him for years. ( he is now one of the top Guru's in the country).but he had been turned on to the market and liked it.. and since I knew the borrower so well I did the deals for himnow he had a tough time on the rehab.. what happened to him is what I have been warning folks about on other threads this latest pod cast and book about remote rehab is so dangerous to the begineer.. this guy was anything but.. however my position was so low in the deals I made my money he lost 20 to 50k a house.. contractors ripping him off  thefts time it was a nightmare for him to try to do it from CA> but don't feel bad for him he makes 1 million a month or better right now being a Guru  LOL..

I guess I missed the pod cast boat.. had no clue people even watched those things since I personally don't and never have not even my own..

Federal rules require a lender/servicer to consider a borrower for a loan mod if there is enough time to consider one, if the lender offers loan mods.

I’ve read books on it, listen to pod casts and watched you tube videos to better understand.

Put a lot of the little extras in there that don't cost much but that people appreciate for good reviews (a coffee maker with pods, an ironing board, a few snacks , a sixpack of local beer, etc).Also, I use Airbnb to rent out my basement apt to tourists and to find places to stay when I travel.  

I'm barley starting out and just listening to the big pockets pod cast and I'm getting very inspired on getting my license for future references. please if anyone with good advice can help me I'll truly appreciate it .

I understand why they think that given the pod casts  late night TV etc etc. but reality check is this is a capital intensive business.. and undercapitalized business fail most times.Americans specifically have a very tough time managing personal debt.. and some of it is certainly regional..

I just did the loan mod in December but  . . . 

well I will use that question to Segway into listen to the BP pod cast 222  its my life story over 4 decades in real estate.. wish you the best