I'm just a bit biased towards traditional buy and hold apts. 

I'm curious how others get past this hurdle considering many RE investors don't have traditional W2 jobs.

Just to be clear, the play here is to purchase a fixer upper for say $100k cash, put $20k into it, have it appraise for $150k, and then take out a traditional 80/20% loan. 

The best way to handle a hard money loan if you do not qualify for a traditional loan is to refinance out of the loan after the prepayment or sooner if you do not care about absorbing the pre-pay into the refinance loan.

Good day, Everyone,   In 2018, I decided to read the book "Rich Dad, Poor Dad," and it opened a new perspective on how Real Estate, in particular, can help leverage in creating wealth.

An example would be borrowing $200,000 at 12% interest then using the money to purchase a $120,000 home, spending $80,000 on renovations, and selling the house for $260,000 and making a $60,000 profit.You could also use a hard-money lender and pay the higher rate just because you can't qualify with a traditional lender.

I plan to purchase this property with 20% down traditional mortgage. 2.

Something to watch out for is traditional property management companies offering "str management".

No money down  get rich in real estate no credit etc etc thats all just click bait.. can it happen sure does it often afraid not.So if its your desire instead of starting some other small business and you want to be a landlord you need to get the capital to do that.

 @Rich O'Neill @Jhanel WilsonI'd love a connection to them!