As soon as the auction is over for that one property you won, you walk to the front of the courtroom and pull out your cash and put it in the bill counter with the sheriff, no checks, no running to the bank, just pulling cash from your bra, boot, or briefcase right then, right there, right in front of everyone.   

You have to have the cash in your boot, your briefcase, your LV travel bag.   

But you could take $100K of cash (called boot) and pay it off. 

They don't actually have real boots on the ground in the markets they advertise, let alone offices.

I absolutely agree that we need to have debt in the replacement property, not only to avoid boot but also to maximize the returns using leverage so growth is much larger. 

Is there anyone out there that can share their systems they used to get this done without boots on the ground ?

One of my loan officers is in your neck of the woods and is a combat vet.

This amount is called the boot. 

Morning everyone, I was wondering if anyone had taken or signed up for the multi family boot camp BP has to offer?

It also sounds like you may have boots on the ground in STL.