I met with a mortgage broker last night who shattered my vision of buying ten rental properties this year by contradicting almost everything I've learned from Dean about finding financing:
- he said no institution or private lender in California will allow anyone to get a loan without putting 5%-25% down, and they will NOT allow that 5-25% to be creative financing, such as "owner will carry" -- nope, we have to pay it up front.
- he said no institution or private lender in California will allow you buy a property to flip it, you must live in it for one year first.
Who is Dean Graziosi?
Are People Actually Successful?
Does Dean Practice What He Preaches?
What Deals Are The Students Doing Right Now?