It sounds like you’re saying that bank financing/loans are the only way to get financing for one’s first deals, because no one else will trust you based on your lack of experience.

Your first true investment will be scary so don't back away from a good deal if the numbers are there, trust them. 

I had a trusted realtor run comps and I’m thinking I could possibly get an appraisal for 125k.

Have you looked at setting up a trust and transferring it to the trust?

Hello - BP Community - I am looking for someone that has gone throughthe 1031 process into a DelawareStatutory Trust (DST) I have severalSFR that have built up some equity and I am not getting the returnon equity anymore , so looking at options in the Multi family as wellas DST space .

If I'm not mistaken, that's covered under RESPA (Real Estate Settlement Procedures Act), which has some big, sharp teeth.I'm not a lawyer, but my understanding is that requiring the use of any particular service as a result of a different transaction is a violation of the Sherman Anti Trust Act. 

The rehab is starting shortly, but I do trust these numbers as my past ones have been within +/- 10% of estimated rehab costs, and this one is estimates from Class-A contractors.I am doing the bridge loan through family and giving them 5% returns, which is pretty good for them based on their financial goals, and its a bit less risky since its backed by my other 3 rental properties (all of which are not leveraged, except this private note).

Hi All - Unfortunately I have lost trust in my CPA after reviewing my latest tax returns(they missed major expenses that I had to call out) so resorting to this community for learning and knowledge while I also look for a new CPAI bought a property in my own name in February and then bought another one in LLC 1 in May and then a 3rd one in June in LLC 2.

I don't have a trusted lender yet and need to know more about running the numbers and understanding commercial loans.

Do you self-manage from OOS, or have you found a good PM company you trust?