Sell it for what you can and buy something of higher quality with that cash if you insist on investing in real estate.

And even if it’s a private loan from a colleague or your Aunt Edna, whether they know to ask or not, you should insist that they are protected with a clean title insured through a title company and that the property has adequate hazard and liability insurance. 

If he insists on equity, require true “skin” via a cash reserve contribution, a completion bond or performance escrow, and a make-whole priority that pays your capital back before any split.

If someone is insistent on using 401k money I would urge to consider the smallest amount possible. 

Look at options that pair coaching with community and live deal rooms, not just course videos; insist on a second-source network for lenders, agents, and PMs so you’re not captive.

On the other side of the spectrum, I've had clients who insisted on saving $10k on furniture up front and, what do you know, they waded through the middle of the pack on Airbnb for years. 

I’ve had so many clients insist on doing their own Quickbooks and it takes me way longer to clean their books up, then to just do them myself in the first place.2. 

If they insist they will only sell for $xxx, come back in 6 months when they reduce their number.On one property, I offered $110,000 for a pre-foreclosure, because that was what it was worth.

We are working with the lender who insists that refinancing the house that we're hacking, and in which we're going to stay for 30 more months, should be refinanced because he can get us more than a point reduction in interest rates.  

If a lender insists on reporting to personal credit or forces a long prepay for a “teaser” rate, pass.