Nothing was making us rich, but we had some hard assets, some cash flow, and the notes were being covered by the rents. 

., 97% LTV) unless you’re overall financial picture can support it.I’d definitely say do traditional bank financing with low fixed rates if you can (again, this points to more long term holds than flips), instead of hard or high-rate private money.And as far as partners, the old saying is that a partnership is like a marriage - a lot easier to get into than get out of.

Rich friends? 

Be sure that you highlight that "selling your house can be easier than you think" with the advantages of working directly with you instead of the more traditional route with a realtor.Good luck!

It’s more of a traditional financing rule.

After reading rich dad poor dad and biggerpockets podcast i'm excited to learn.  

I'm focusing on small multis (2-4) which allows me to purchase more doors with one transaction, since I am financing deals with cash and traditional loans.

If you are truly looking to become an investor, maybe use hard or private money to get into a multifamily that you can fix up and live in one of the units and then refinance with a traditional bank or lender after 6 months or so.These are just a few ideas outside the box that I could think of. 

I have had some people offer me more traditional loans but at higher interest rates usually around 5.5% .

As a 1099 earner, most traditional banks will want 2 years of tax returns showing your income from your real estate business before they will underwrite a loan with you.Hard money lenders are an option, are expensive, and yes, in this market, hard to make the numbers work for a buy and hold rental.Fix and flips would be a big risk, depending on your experience, but are a way to start making money sooner.