If you use the above scenario - pretend you're paying the whole mortgage and that any money you earn from your tenant becomes seed money for the next house.

When starting out in real estate investing, Should you "fake it" and "pretend" you are more experienced than you are to ease a potential prospect's mind or should you be transparent with your complete lack of experience.When I say "fake it", I don't mean blatantly lie but just omit the fact that this is your first time and paint the image that you are experienced.

In fact, that situation occurs quite a bit when son pretends to be dad,  after dad dies, in a clever maneuver to avoid probate.

If you pretend to deduct a whole lot of percentage numbers with just one deal, you will still lose at the end if your roof goes bad within 2 years of purchase.

I don't pretend to be an expert and know there is so much we don't know, but after 6 weeks of data collection and seeing how things are unfolding it appears to me that there is more upside to reopening than continuing the shutdown.  

@Greg ScottI won't pretend to be in the commercial lending business in any way, shape, or form, but if I were a lender I would definitely insist on a higher DSCR during low interest rate environments for this very reason. 

@Daniel Brown I’m not going to pretend to know a thing about the self storage business.  

Pretend you have 10k or less and learn to make it in this business wholesaling to start and maybe end. 

Dude, not all of us 'Doomsdayers' are waiting for a crash or pretend to have a 300 IQ. 

Usually, we get rid of the gurus(or self proclaimed gurus) within hours :mrgreen: Don't be offended, while most of your participation and interaction will be welcomed and appreciated, the biggest mistake you could make is pretend like you know some industry secret or something retarded like that.