Because it is paid off the property is deep into negative cash flow from the property turning your asset into a liability.

The reality is we are likely buying high on all asset classes right now.

Your ability to avoid sinking too much of your capital into Dead Equity by obtaining mortgage loans...without a job, will be key.Now, if you're one of those who are listening to 1994 Carlton Sheets cassettes, with no money in the bank, bad credit, living with mom and dad, but just a desire to purchase, then stop wasting your time and concentrate on finding a job.

I think you want to really just target the assets you know match the criteria you want.

Those are conforming guidelines, You can try commercial or asset based loans but neither offer 30 year fixed or rates as good as what conventional can

The cash-on-cash return is very appealing and the entry cost is obtainable for me at this time - roughly $150k per 4plex. 

Id be interested in talking if you are looking to sell smaller assets.

As Rich Dad Poor Dad indicates the knowledge is priceless and there is no way investing OOS with a PM you obtain the same type of knowledge 2) requires less reliance and trust on others. 

Since then, we have worked with 2 lenders in the state and 1 of the national asset based lenders in order to refinance out in a BRRRR deal.Feel free to PM me for some banks to explore.

depends on what you're trying to do.I buy in a state where seller pays closing costs, and I've only bought assets never sold. my realtor is a KILLER as well so MLS access is moot.