We'd like to do a no doc cash out refi on our personal residence but we haven't dealt with brokers since before the big financial meltdown so I'm not sure what the process for a no doc looks like in todays climate. 

He recently met with his financial advisor who told him that a land contract might not be the best thing for him to do.

I graduated college last year, and have a full time position in the financial services industry, which is helping me pay down student loans, mortgage, bills, etc, but I am comfortable with where I am at financially.I have found a few people who are as hungry as I am to get into real estate, and we are thinking of forming an LLC.

After Dad died, Mom ended up losing it to the bank.Looking back after that happened, I began to consider real estate as a vehicle to financial independence.

I'm currently focused on 2-4 unit, buy & hold rentals in the Dayton, OH area, with the ultimate goal of building an income generating portfolio that allows me to say goodbye to my career in financial planning & analysis.BP is an incredible resource, and I look forward to connecting with other like-minded individuals! 

Let's help each other grow and become financially free!

They all had inspections performed (as I think is a requirement here in Texas) The problem with a home inspection is it will not address some major cost items that could be financially stressing for a first time buyer.

I don't think an expense ratio of 30-35% is a bad starting point before securing real financials.

Discovered bigger pockets a couple of months ago and fell in love with the idea of owning real estate and hopefully one day becoming financially free.

I agree with @Wayne Brooks - sellers want to see financial strength and that you are a serious buyer.