If this is still confusing and you need a place to start, consider just borrowing my criteria to start running your numbers... 10% or greater CoC return, and at least $100/month cash flow per door (so $100 for a single family, $200 for a duplex, etc.).

However, if much of their debt is actually just resting in stocks owned by the eXp agents, it seems less risky than if it were borrowed debt.  

Could use some assistance with understanding financing:I am looking to understand how a short term home equity loan would work...I recently went to the bank to ask about it, but want to understand the numbers.

Expect to have collateral in the form of cash, income...and of course the house itself. youre not borrowing everything you need either.

I was under the impression that any borrowed money wouldn’t qualify as “cash only.” 

We missed the filing date for the annual report for our LLC once and the state staff was quite helpful in assisting us to get everything reinstated.

Curious to know if anyone out there is using a virtual assistant to generate solid buyer leads? 

I love mobiles, and they are cash cows, but there's no good way to borrow to get your money, (or in this case jeep)  back out, except by selling, of course, and over time, the land value will probably go up, or even the house and land value.  

JV is also tough because I have to borrow money to do this.  

Let's talk and see if we can make it work.If you are looking at larger properties I have contacts with Commercial agents that could assist in that process.