All the rich folks had to have them.

I work for a wholesale brokerage in Dallas and what I tell my investors to do is buy using Hard Money, fix it up, then refi right out of it into a traditional loan and get some of your money back that way you don't just completely drain your account.

I just recently read “rich dad poor dad” and now I’m starting to build my real estate portfolio.

@JoeI don't have good enough credit to get a traditional mortgage, so I suggested this option to my potential seller as an alternative.

@Kit Creager Its not impossible, but good positive cashflow on day 1 is much harder to come by these days, especially if you are buying a property that is traditionally listed and in good shape.

I am reading Rich Dad Poor Dad now.

I just listened to Rich Dad Poor Dad, the Cash Flow Quadrant, and the Richest Man in Babylon. 

It seems to be astronomically different from what I have read in this book and the book 'one rental at a time' (along with things like rich dad poor dad etc) But keen to see all the pieces of the puzzle come together as I learn more.I have ZERO experience in property, I invest in Shares and Crypto and my partner has a 1 bedder (120k owing) that we rent out, We were looking to buy a home for ourselves but the market seems ridiculous atm and anything we had liked (small 3bedder single family home) I just don't think is worth 900+K and pushing our loan plus repayments to the max.

.******************.comI don't know if that link will work they are not letting me share my pdf file BRRRR calculator document with you without signing up for the pro membership on the forum... its like 400 bucks. anyway have a look at the property if you like on google earth or any other way of your preference. it is *******************, Daytona Beach FL 32114I've attached a pdf format of the property as an investment with a traditional loan and not paying cash upfront.

He has contract packages for wholesalers, seller financing and traditional, runs a title company and a land trust company too.