Lenders also want to see some stablility in borrowers which recent grads do not have, so I'm looking towards seller financing, subject 2 and lease options.every young investor needs that push into their first property... everyone needs a mentor.

Just looking for some general info on the borrowing process in the states and with the recent issues whats the story on high ratio loans for multi-unit residential?

They will typically borrow you the money for 1 day and will charge you between 2 - 10 points on the money they borrowed you.

Another investor and I reached out to the club founder and offered our advice and assistance.

If anything i'd imagine they will either borrow the money to be compliant or if they don't sell at asking price they might get a short sale or something of that nature.

I already knew tons of local people in real estate investing and also CPA's, attorneys, bankers, that would assist me financially and show me the ropes.

You're borrowing at one rate, and getting a higher rate on the investment you make with the borrowed money.If you borrow money to buy a liability, that's bad debt.

Rumor has it that he is too highly leveraged by borrowing the equity of properties he has had for 10-15 years.

I agree an active business inside of the 401k would incur UBIT.Since I deal mostly with RE investors I like the no solo 401k UBIT exemption for debt financed income.Also, the borrowing privilege has helped several people to fund their personal real estate investing.Hmm...I used the wrong term in my post?!

You can't just take it.You can, however, try to get the borrower to do a "deed in lieu".