Originally posted by @Jay Hinrichs:@John Terry Nicasio   well sounds like if every one took you up on this there would be no money left to loan as these banks would have lent it out all at no interest.. got to love America were someone like yourself can make a living helping others process credit card accounts.. by the way who pays your fee the lender or the borrower..

***I MEAN INCREASE ABILITY TO BORROW***I am still in school but on a good scholarship program.

In theory, if you see inflation you should borrow now and pay back in cheaper dollars.

Wealthy folks typically borrow money with ARM because the cost of borrowing is much cheaper.

I am in the "build/add/grow" stage too so I see leveraging/borrowing as a necessary thing at this stage.

If it were $55/month, you are effectively borrowing the other 16.5 percent of the of the deal for $660/yr. divide this by the amount down you don't have to come up with then and see what it is costing you (effectively its interest rate)So basically if you are intent on doing deal 2 in a couple years, that may make your choice for you so that you don't checkmate yourself right out of the gate.

Being that you're borrowing from your 401k and considering an equity line, I would suggest you don't over expose yourself by buying two properties at once.

Family doesnt have the funds to invest in it so cant borrow there.

In a few instances, the bank is giving the borrower the run around and can sometimes make it truly challenging to get complete info.

I've never seen that in my borrowing nor in any of the numerous hard money email advertisings I receive.