Never done a short sale before. I mostly do wholesaling. The owner owes $174k (and about 7k behind in payments). Bank says they'll work with him and have tried several times to renegotiate his mortgage but he just ...

If you believe appreciation and inflation will happen then leverage is the way to go.Scenario #1 Own a single 100k house outright.Scenario #2 Own 5 100k houses with 20k down on each.If you have appreciation of 10%, scenario #1 gains 10k in equity and scenario #2 gains 50k in equity.With inflation, the debt you owe in scenario #2 will be worth progressively less.Interest rates are low now.

But as I am just start out and spent all or most of my available savings I am trying to evaluate how to continue growing the business with out wait another year or to save for another down payment or even longer to pay cash.I feel like I waited for years before I took the leap due to my "paralysis" and now that I have overcome that obstacle and completed my first deal I am excited and ready for another one and I have to put the breaks on due to lack of capital.

It may be an expression of their own fear.Two of the people I worked with eventually dipped their toes into buying rentals because they watched me progress.

Creditors must generally use reasonably reliable third-party records to verify the information they use to evaluate the factors.

I hope someone on BP will chime in with any experience they've had with him so you know if they are a good choice.Keep us posted with your progress and what you decide to do.

I would do my own evaluation and screening on top either way.

Stay active on the forums and keep us updated on your progress.

@Jordan Vires the best way to evaluate is to use 50% rule (See @Brandon Turner video "How to Use the 50% Rule to Analyze a MultiFamily Investment": https://www.youtube.com/watch?

When I did the investment in draws, we put it in a joint account so they can see the money is there and they will send us pictures ( so we can see the progress ) when they need to draw.