A small amount from angels (rich people you know) to get the ball rolling with some of the initial planning work and to grab control of the property.

Lets say i have a rich family member that would loan me the full cost to buy and rehab a house at around 8-12% interest with deferred payments until i got a tenant.

Rich

now i usually live by the rule "go big or go home" but in this case i'm willing to start small buying maybe a duplex or 4 plex and pulling equity out for more purchases over time. i am in no hurry to be rich i just want to see roi and positive cash and be comfortably independent someday. i would like any feedback and i dont expect people to pull any punches so swing away. am i thinking wrong here or is this doable (obviously simplified of course)?

Rich, really enjoying obama showing what an inexperienced goof ball he is.

Rich

Rich

Rich

My favorite part is: Here's how these savvy Insiders are preparing: In his 2008 best-seller, "Wealth, War and Wisdom," hedge fund manager Barton Biggs, a highly respected Insider in the "Happy Conspiracy," advised rich insiders to expect the "possibility of a breakdown of the civilized infrastructure."

Rich