My deadline to back out of my real estate transaction and get my earnest money back was Dec. 12.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $110,000

Cash invested: $60,000

Sale price: $225,000

This property has 2 units and 2 storage units creat...

There are some people that get lucky and earn cash quickly, but they generally hide the fact that it was pure luck or how much work was involved.

It can be funded with as much money (premium) as you want to put in it.Just to be clear, however, you do not "withdraw" money from a life insurance policy.

Save your money.

Sometimes we structure a”kicker” where if the property sells for over a certain amount we earn part of that.  

You'll pay a higher rate and may need to have more of your own money in the deal in case of unexpected repairs. 

You need income to qualify for loans, you can learn how to manage rentals well (something most landlords never do), you will figure out which communities/properties make the best investments, can earn an above-average paycheck, and may even find some investment properties before they hit the market.

If so, they can sell within 2 years and not pay capital gains taxes on the sell of the home.They could take that money and buy multiple rental homes in other areas if they wanted, or use the money to downsize in to a different home while still having money left over.

I used a hard money loan to purchase this off market deal.I rehabbed the upper two units within two and a half weeks and have a renter already lined up for one unit.