The second half of a man's life is made up of nothing but the habits he has acquired in the first half""It's better to miss a good one than buy a bad one""Timing matters - be the first or last person to make an offer""It's a numbers game - the quality is in the quantity"I cannot recommend this book enough.

If the collateral ends up being insufficient, well, we all have to share in the risk of the investing game.

All lenders that I've met want skin in the game, which I presently don't have.Good luck.

There are no rules to this game except those put down by our crimin...

It's always a guessing game with the bank, so you can never expect the same thing.

Then you will know what their requirements are so they can lend you money.As a private lender myself I will require the following:1) 65% LTV2) fund 80-90% of the acquisition + rehab cost (they need to see you have skin in the game or 10-20% downpayment)3) they will ask you to pay 3-8 points (or 3-8% of the money you're borrowing)4) sometimes, they need someone with good credit so you can show them that in the worst case you can't sell the property, you can refinance them out5) sometimes, they will require you to have 20% reserves so you can pay for the first phase of the rehab

Well unlike the upper class where that is the name of the game I viewed it as nepotism at the time and didn't call.Well one day I was getting on the elevator at work and there was Henry Kaiser on the elevator with the president of our division and the head metallurgist, Henry said Brian is that you, what are you doing here?.

I'm curious to know what are some sacrifices you've made in order to get into the RE game.

Lots of folks play this game.

Welcome to BP @Spencer Wilson and welcome to the game.