Of course being able to determine first what a real estate guru is will then bring us to the question of, are they worth their weight in gold. 

This thread and specifically this post is pure gold.

Most propagated legends of nightmare tenants that they had never experienced. 3) I would scale up to multi units sooner. 4) Private money is like gold and the more you use it the more appears.

Real estate is a gold mine investment vehicle if you do the basics correct, and have the correct mentality.- deals will average out.

Similarly, unlike substituting international reports for FICO or using 'Non-Traditional Credit Reports' (NTCR) it's highly unlikely that any bank would consider ATO tax records for a conventional loan, given both that it's another country and the job/business has since been left in order to migrate. c) If possible after one year, refinance to a more generic loan in order to buy a new FHA fourplex using whatever savings have been gained in the preceding months through cash-flow and W-2 income.PROS:*Highest leverage of all paths available;*Largest safety net of cash-in-bank, and;*Increased turnaround for new projects.CONS:*Employment verification, credit history, and IRS records non-existent - multiple positive judgement calls from lender needed;*Delays before scaling allows full-time REI;*Maximum limits to property units and value - 4 units and ~$809,000 for a fourplex (2.v)2.i - List of some Maine lenders, with whether they offer FHA (https://mainehousing.org/progr...)2.ii - Information regarding how to get a no-credit-score mortgage (https://www.lendingtree.com/ho...)2.iii - FHA loan without a credit history (https://www.fha.com/fha_articl...)2.iv - FHA loan requirements + No income minimums (https://time.com/nextadvisor/m...)2.v - FHA loan value limits by unit size for Maine (https://www.lendingtree.com/ho...)3 - A quick start at a moderate scale (DSCR or private) This is my current focus of research as at 25/06/22 and any contributions, suggestions, critiques, or references are worth their weight in gold to me.a) Find ten wholesalers who are focused on or who happen to find Maine multi-families, with a view of analyzing each <16 unit building that gets mailed to me. (2/10)b) Find twenty lenders operating nation wide or in Maine who offer Debt Service Coverage Ratio (DSCR) loans or private money. (3/20)c) Purchase one <16 unit multifamily with whichever available credit type is most appropriate (3.i) - either moving to the address on closing or renting something cheap in-town depending on whether or not the lender allows owner occupation.d) Move to full-time REI, or part time if cash flow does not support growth.e) Exit plan would depend on cash flow, regional trends, and the characteristics of the loan and future financial market and cannot yet be assessed properly.

Joel, welcome aboard.The BP podcasts are a gold mine of information.I too am based in the insolvent state of CA (Silicon Valley). 

He who lives the Golden Rule gets the Gold here too.Thanks for the post.Nice deal @Jamal.

Therein lies the gold.

Without the necessary confidence in the system, everyone in the know would have parked their money in gold or oil or another hard asset, and the financials would have no captial at all.

I learned a quick lesson in greed that doubled my money but lost me a much greater return.This stock was in a company called Great West Gold that is now gone.