The ones I have heard really bad things about were scamming all the poor Australians in 2009 and 2010 as well as coastal investors - I think for the most part they are gone.However, before you partner with any company be it as a private lender for those doing it themselves, a done for you turn key model company or even hiring a contractorback in those days I had not found BP but was a regular on the AUSSIE version and yes there were some very BAD actors in KC...

When I say "AUS didn't even ask for tax returns or a w2/1099," I'm conveying that Fannie would in theory buy that loan on the secondary market even if it had no tax returns in the file.TLDR is internet slang for "too long; didn't read," you put that to indicate you're about to give a one sentence version of what would take 10 paragraphs to be fully accurate and comprehensive.I learned that commercial loans work differently and will be based on the deal instead of on the borrower.

So I'll explain the 'custom version' of IC and LP.

Minh,Yeah I think the fed is moving toward there version of austerity; financial repression:http://www.imf.org/external/np/seminars/eng/2011/res2/pdf/crbs.pdfIn which case the erosion of real-estate debt by moderate inflation, will be useful; assuming they can keep a handle on things and avoid the mentioned one scary wrench that goes counter to the whole cash-out refi repeat strategy; but yeah it’s in the feds interest to avoid deflation at all costs too; lets hope they can.That’s a good point on re-financing at rates lower to increase cash flow; you would also have the added value of that inflation lowered debt ($100 of debt is now $95); making up some of the 10% market correction.

Is anyone using the new version of these type loans? 

I'm a miniature version of Dave Paladino. 

I did not see anything dramatically better than the free version.

All you have to do is go to File -> Make a Copy, and then you have your own version that you can edit and figure our your networth, annual savings rate, expenses, income, etc.I created the spreadsheet a few years ago, and thought it was the best thing ever, glad to see some people agree and can benefit from it.

I lack that level of insight so I rely on some local knowledge to "correct" my remote version of defining moment investment opportunity.Either way, I'll only know if I missed out in 10-20 years 🤷🏻♂️Or maybe I should go into hard-money lending for Cambodian donut shops in Los Angeles 😊

@Trey KnightCheck out the 4 Hour Work Week by Tim Ferriss....maybe audio version in your case lol.It has a ton of strategies.