I already knew tons of local people in real estate investing and also CPA's, attorneys, bankers, that would assist me financially and show me the ropes.

If you really, really want to know more about this topic, read Cashflow Quadrant: Rich Dad's Guide to Financial Freedom by Robert T.

If you have limited real estate investing experience or you’re not sure what other techniques you can utilize in coming back from financial disaster, consider finding a good real estate investing coach who can show you the ropes and teach you a multitude of techniques that can ramp up your career and have you on the right track in no time.

I was always an opportunistic buyer and even though I was conservative financially and always tried to keep from getting overextended I did NOT let that keep from buying when a TRUE DEAL came along.The only time my ratios got really out of whack was when I fell into a deal to buy 3 at one time (within a month of buying another rehab) but I got the three at about FIFTY PERCENT OF FMV.

They claim to go...(even in this market)...97-100% LTC for Multifamily developments....Does anybody have any experience with them EVER closing a loan or even knowing of anybody Lending 97% through debt, mezz and equit...

Speak with whomever is in charge of lending (usually a VP).Go meet your banker in your finest clothing (you're a business man, dress like one) and put together all your financial statements.

Although that amount won't really pose any great financial burden for us if we don't rent it out, we plan on doing so.Before choosing this particular piece of property, I did some calling around to various rental management agencies to see what the proposed rate would be in that area for a 1BR/1BA if they were to do this service for us.

:lol: The big thing about Lease Options is the financial cash flow of the TBer (I prefer dinks - "double income no kids").

I started by getting a list of preforeclosure sellers from a financial paper in my area, and started sending them letters every week, only about 30 a week so the cost was low.

Yes offer what makes financial sense if it gets rejected move on.