The wealthy developers I know will often ask for owner financing just because it's easier than tying up more cash.Cash is king and just because you have it doesn't mean you want to have it tied up.

In order for the system to continue to function, the people must never become wealthy enough to start taking too many days off, at least not on a macro scale.

You have plenty of time to amass a decent portfolio and set yourself up for future wealth. I

They'll consider you the big, bad faceless Landlord who's ridiculously wealthy and won't be hurt to replace a stove/refrigerator/furnace/etc.

That's not to say he's a bad person or any of that, just that his cultural norms/expectations were vastly different from ours.

Hello all,I am new to the investing world I have read books, joined investor groups in my area 757 but at the moment I feel like i am stuck my plan is to rehab then eventually move into rentals to establish wealth i would like to rehab my first property with in 6mos. i was told i can’t start rehabbing unless i have a LLC then i was told just get a check first and worry about the LLC later if anyone have any info or advice iI would love to hear from you

Starting off as a newbie with little or no experience no private lender is going to loan you money unless you know some wealthy individuals or have a good relationship with them.

In other words DON'T hire an attorney and keep your day job for entity legal issues and those pesky tenant lawsuits than will come up.One secret of the rich and wealthy is corporate credit or business credit based on an EIN instead of SSN which drives commercial financing deals.

My personal desire for wealth is not going to be met by making poor people homeless.  

I chose my broker because I was actually interviewed, they gave me hands on training, a younger culture, and small in size.