Wish you the best, and please keep us updated on your progress.

The truth is you'll be dealing with a new loan each time. 30 year loans will no longer be an (realistic) option once you get past 4 units and you'll have to reach out to various lenders to find one that is comfortable with each progressively riskier deal.

They often produce steady income because as you know, military members don't necessarily want to buy a home at each new duty station.

It's just hard to make your list large enough to keep steady deal flow.3) Develop a more focused list as I mentioned in item 24) Add owner occupied to your equity list.

@Larry Shirley I have found that as long as you are making progress, the land bank is pretty easy to work with.  

We do reach out to the borrower to see if they are able and willing to resume payments via a loan mod, but in most cases when they say "yes I do" they typically do not follow thru with completing financial statements and progressing thru the mod process, since it's much easier to stop responding.

They give a timeline and meet it, but don't update you as progress is made; atleast not to the point I was expecting.  

Hello everyone.Since this is my first post on biggerpockets i would like to introduce myself.My name is Emiel Sleegers.I am currently 20 years old and originally from the Netherlands.When i was 19 years old i managed to drop out of school and move to the united kingdom to work full time for a multi million company (my biggest achievement so far)I started to actively look into real estate for about a month ago and i'm still in the progress of reading books,watching videos and podcasts etc.So i had a few quick questions that i did not yet found in the books etc.1.

Steady, yes, but the big paydays of my old business are a fond memory at best.  

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