I know my Mom has a friend that just signed up for one and in 6 mo hasn't done a single deal and "analyzes" hundreds of "deals" from others in the network that are just junk(fortunately he can see that they're not very good even though he still thinks that this will make him rich someday).

@Chris Bounds hard is not hard anymore anyone who has been in the lending bizz more than a few years hard or not realizes that those with no capital are not worth wasting any time on.Suggestion need to get equity partners so you have actual capital.the no money no credit get rich on my hardmoney loan is pretty much dead and has been dead for years.

If you're a rich jerk who didn't care enough to fix the stairs on your rental, the number will be bigger than if you're a little guy doing your best with limited resources.That's why people say you should have liability coverage up to your net worth.

I have been told to consider finding a rich friend and getting them to cosign.Finally, about half of the multi fam properties here in Austin have been paid for in cash this year so far, so I have considered just using all of my money to get into my first house and then pulling equity from it in a year or two.

You Know, "Rich and Famous".Seriously though, it really depends on where you want to be in a few years down the road.

:) 23 years old and I've been working as a Registered Nurse for about 2 years now.One day a co-worker recommended me to read a book called "Rich dad, Poor dad" and BOOM!

The reason the comment about contacting the bank seemed funny is basically that large banks notoriously have terrible communication skills in these matters.

We put a good deal of thought into the communications.

In Thomas Stanley most recent book, "Stop acting rich.... and start living like a real millionaire, says that the median price paid by millionaires for their most recent acquisition was only $31,367.

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe E-MythThe 4 Hour Work Weekhttp://flip2freedomacademy.com/ - free e-bookFlip2freedom episode 77 - podcast - LISTEN TO THIS TODAY!