In the last five years, I’ve had close to 10 investor clients who either became real estate agents or had their spouses do so—because they were certain they already knew enough to handle it on their own.From here, I’ve seen things go in two directions.One path is overconfidence: they rush out, buy properties, and quickly get themselves into trouble.

However, as we sit here in mid-November, we see that this didn’t pan out.

They differ from less than $100k to north of $200k With ARVs in the $100k to $200k range finding lenders to do cash out refinances should not be difficult at all.

Your first avenue may be reaching out to your network - any other close family or friends that need a place to live?

I'm in Fayetteville, AR if that matters to anyone, and renting out the master bedroom.)

If you are able to back out of the deal during due diligence, and you really like the deal, then maybe you stick the EMD.

We've rented out some of the rooms to friends for several months which has allowed for some help with the mortgage.

If you have any questions or want to talk options feel free to reach out I always enjoy helping Bigger Pockets members save time and money.  

Whether you’re a seasoned investor or just starting, feel free to reach out!

There are too many lenders out there to use one that has no reputation.