They are a pain in the ***, take a long time to close, and charge higher interest rate with more points then normal FHA or conventional loans, but if you dont have the money to start another way it can be a great way to get your foot in the game.

Financing is an entirely different game.

I see the benefit of paying a membership fee which gets "skin in the game " and commits people.

Custom making them from Home Depot kits is both costly and a time sucking pain-in-the-@ss.

One side of that gray box is telco only, you can't touch that; the other side is for the customer to connect to.

Keep an eye out for something coming to BP next week - a game changer for new investors.

Again, the best way to have secured lines is not through a secured credit card that can fund itself, but a loan to be repaid over time, amortized, that is secured by an asset, like a CD as the CD does not make payments for you.The whole things is about seeing how people manage money over time, paying as agreed, where they must make the effort to make the payment, not an arrangement where, if they fail to pay the payment is deducted from an account, there is no money management activity there, shows little effort.Secured credit lines are most important to secured lenders, the guy at the Rent To Own store is more interested in how customers pay revolving debt, past rent to own accounts than thier home loan.

I think it's much smarter to play the long game and make your goal to pay off the properties as fast as possible with the intent to hold them indefinitely.

With the market crash a couple years ago, it became evident that investing for appreciation was a risky game, and a lot of new investors are deciding to focus on the less risky aspects of investing -- positive cash flow.2.

a small minority get rich in real estate through pure tenacity and luck, vast majority that are able to 'make it big' already has strong foundations (i.e. capital).If you're already gotten as far as med school, the smart thing is to finish it, get a real job, then use the high income to leverage low interest debts for investment.Jumping ship this late in the career game from a high trajectory track to something like real estate with no experience or other foundation is a calamity in the making.