You pay for the DPAs in high origination costs (that are subsidized into your loan giving you negative equity stance 104% LTV), and higher interest rate - costing you thousands over just a few years.Better option is 401k loan or gift funds from relative or close friend.

Spend some time exploring the forums, listening to podcasts, and reading books (on the bigger pockets podcast they ask every guest what their favorite real estate investing book is, so that's a great place to start!).

@Nicky Reader So the loan officer thought we can use gifted funds for an investment.

However, it seems as if most traditional banks want to put the loan under a single individual's name (not under the LLC) and have the others give a "gift" for the down payment.

You might hurt your non selected applicants feelings, so a thoughtful maybe next time gift might be in order.

I'm curious why you left out my two favorite strategies for new investors: Buy & Hold and House Hacking.

Who are some of your favorite realtors, agents, brokers, etc. that you would recommend for starting up a new team?

To close on this deal I worked with my favorite lender from Guild Mortgage and the most spectacular closer from Title Partners Agency in St.

BRRRR's are one of my favorite strategies to build wealth.

Wholetails in a good area in a hot market are my favorite.