I would do a limited amount if I had a property with challenging space(s).

Requirements for reserves, down payment, net worth, and cross-collateralization with other assets might be a challenge to meet if you are stretching.

I understand that this is going to be a commercial loan, so is it going to be a huge challenge to get, or just going to require dealing with less than optimal terms?

The point of my challenge wasn't really to see if you could get 10%.

(to others, Ryan and I have been talking by email, and he does not have a local property manager.)I'm also engaging Brian Lucier, who is a very experienced MA landlord.

The 401k holder would take this route to enable them to "make a living" from their incorporated RE business, versus having all profits flow back into the tax-sheltered account (which would be necessary if your 401k was directly engaging in the activity.)Steven Hamilton II or @bill walston - can you shed some light?

It’s another to be fortunate enough to get a free ride in a field that can be fun, challenging, and lucrative.Originally posted by Miguel Vazquez: But is it worth it to waste my time now not making money....Is not making money a waste of time, Miguel?

Some guys biggest challenge is being able to find money , some have plenty of money but cant put accurate financial projections together and get talked into buying terrible deals by clueless realtors in short skirts.

I would highly encourage you to stick around and engage the community, I believe you will learn much more that way.

This is not a condominium...it is a condotel...which creates its own set of challenges, including financing.2.