He said there was no equity in the property and yet he walked away with money at closing.So, he buys a property that has no equity, uses an unsophisticated gator lender to overfund the deal, above the value of the property and he gets cash out.For those of you in Rio Linda land, that means there is nothing protecting the gator lender.

I know a great MTR operator, Linda Allen, in your area.

Quote from @Bob Carter: I’ve been with them about 8mos and definitely some strange stuff going on.

Quote from @Sean Carter: Hey everyone currently active duty military I would love utilize my va loan for investment  purposes don’t know where to start  in GA btw  Sean,welcome to the BP community and congrats on wanting to start your REI journey.

Hey @Carter Jarvis, welcome to the BP forums!

Quote from @Michael Carter: Looks to me like Barryvilles location is really only suited for STR.

Quote from @Linda Labbe: we have a lender who can do the smaller amounts if you need one contact meHi Linda,I hope all is well with you. 

Quote from @Keleisha Carter: I'm pivoting into new construction in Tampa and most lenders need someone on the team who has found up construction experience. most builders I've spoke to don't want to leverage their experience and just come into as a the builder.

I'm Linda from New York City, passionate about real estate investing for some time now.

@Linda Labbe is correct.