This is how Wall Street brainwashes us to constantly throw money into a 401k instead of investing in income producing real assets.

The coaching/mentorship programs don't care where you get the money from, but the bank does.

I know this leaves money on the table but most of my tenants stay for many years and all have been respectful of my property.

I am immensely grateful that the pandemic, in its own peculiar way, presented me with the opportunity to save money and devote time to rectifying my credit score, ultimately enabling me to pay off all my debts within the span of that very year.Emboldened by this newfound financial stability, I ventured into the realm of real estate by earnestly exploring available condominium options in Las Vegas, Nevada.

You have to provide the money to purchase the new property. 

What if you run into some financial trouble and pricing declines, then you will sell the property at a loss and not be able to pay off the full HELOC. 

Lastly, California is very over priced in most cases so keep in mind buying out of state is not hard and can save you a ton of money. 

Bank of America had this man's money for a week - in their account.

If you property is in Detroit you setup a landlord account with the water company and any tenant that comes in opens a account in their name and follows them in your case it will be you and then a tax lien on the property they will get their money either way.

Most of the properties I have available are $300,000-700,000; so if a hard money lender requires 25% down, with closing costs of 1-2%, and the hard money lender wants $20,000 in reserves, plus 1% to the hard money lender, we're looking at anywhere between $104,000 to $216,000 out of pocket costs.