Quote from @April Smalls SmallsSmalls: Quote from @Jonathan Greene: You could have stopped after "I came across this PML via Facebook."

We have bought loans like this from existing lender as well as refinanced borrowers into a new IO loan. 

I also do not stop marketing unit including open houses until i have a holding deposit.  

Whatever the terms will be made on the $1M, will also decrease that cash flow.In a perfect & simple world I would pay 8% every year if I I was able to borrow $1M.

If the borrower already was foreclosed on, how are they still in the property and available to do the deal?

Being a one stop shop for mortgage, real estate, and property management helps us save our clients $$$ and they only have one company to deal with and one contact saves time and creates an unmatched synergy.

I believe the appreciation will slow/stop in much of the gulf towns on the water because of this.

If you're only really working your local market, and mostly driving for dollars, and want essentially a 1 stop shop that can do most things pretty well, then Deal Machine should work for you. 

Start by talking to a bank/loan officer to see how much you can borrow. 

to your point, if you save up so that you're in a strong financial position, house hack a solid duplex in a decent neighborhood, make smart decisions, and hold it indefinitely, you'll be fine.conversely, if you have $0 and somehow start out with a risky flip, or borrow $20K and spend it all on a magic mentoring program, or buy a terrible property in a neighborhood you've never been to, you may not be fine.