Many sources of education out there tout the "other people's money" strategy to multifamily investing.

I don't know who this woman is, touting this idea, but I find it akin to jumping over dollars to save nickels.

They touted that if you send out 200 leads a week you will average 3 calls a week from interested sellers.

Almost every retainer client we have does their own originations and their own servicing because they are fully licensed as lenders, have a compliance management system in place, and have built legal operations for origination and servicing.You are also correct that the use of an outside MLO - often touted as an answer on this board - does not eliminate the problems of those engaged in lending money for the purchase of manufactured homes.

The problem is when you have No Money, Beggars Cannot Be Choosers.Rarely does an opportunity come around for you to become fabulously wealthy for little cost by owning Real EstateWith the development of what is known as Real Estate Wholesaling it is popular to tout No Money Down Strategies to Buying Properties.

Make sure your agent knows about this type of carpet so she can tout it to your prospective buyers.

After everybody got paid we netted a total of $28KLessonsHere are the lessons I learned during my 1st project:1 You have to believe in somethingIf you were like me, pre-project, you are listening to BP and any other "experts", checking out the latest greatest widget software or the newest person touting to make your investing easier (investing in real estate is SIMPLE not EASY).

I don't know how they are asking for 20-30% over the ARV and touting high cash on cash returns.

You should know at this point that as unimpressive as it is, its often optimistic because the expenses aren't complete.Then, the promoter tries to make the deal look better by touting the tax advantages.

For instance I would care more about 60% occupancy with many being long time payers on time and keep the place clean versus a seller that touts high occupancy and they slammed a bunch of crap tenants in there.New tenants are like a new note in that they are not seasoned and you do not know how the tenants will act over time yet for the cash stream.Are the current rents above market, below market, or in the middle??