I bought a Duplex in Dearborn, FHA loan, 3.5% down.

Something I do to help get a tenant out when there lease it up is I will get free boxes from the local liquor and hardware stores and drop them off at the door.

In the past couple weeks I’ve spoken with over 30+ banks, not exaggerating, and I was unsuccessful in refinancing a manufactured home I bought & rehabbed a couple of months ago - asking many Nationwide Banks, Local Banks & Credit - a few will, but only if its a Primary or Vacation Home (LESSON LEARNED!!!)

@Randall Degges I've bought several properties in Indy.

We bought our 5th rental from wholesaler in August, full cash. otherwise I wouldn't have save $15k.

I have not bought any real estate  at all, I am still on the fence.

Hello,Say I did the BRRRR strategy on my first home and repeat it into my second home, third home, etc, however does there come a point when banks wont refinance a home for me anymore, say after my 4th home or do the banks dont care as long as the home was paid off when I first bought with private lenders money and only refinance to take out money to repeat and pay off the lender loan?

Anybody bought cash instead of getting a loan?

If you are leaving money on the table "because it falls slightly below the 70% rule", then you missed the point.Ultimately, it depends on what the opportunity cost is: If you flip a house bought at 80% of ARV, that's great if your alternative (the opportunity you're giving up) is doing nothing. 

The reality is that it will take a lot of work and effort to be successful and he should go in with eyes wide open.Too many people see the 65-year-old REALTOR driving a brand new Mercedes and assume it must be easy.