Quote from @Brikkelle Thompson: My husband and I joined Jerome Maldanado's Build Wealth Mastermind program, as 12 month program that cost $20K.

Speak to him before you hire a guru.Also, I went through the Michael Blank mentor program a few years ago for $30,000.

This is something I try to live by and teach my kids if I can - "A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly.

I can also tell you that our early buyers are back for more properties, and in some cases, significantly more properties as they have had success with their prior acquisitions, but this program, as with any other investment opportunity will not be for everyone.As far as a "get rich quick" scheme, I assure you that preREO is not that and has never been promoted as a quick way to riches.

I love the program, as it helps many people who can't afford housing.

However, I saw enough that I believe that the information available is so imperfect and subject to interpretation that large losses would be an inevitable part of the program, as well as large gains.  

If you own 25%+ of the business paying your w2, youre still self-employed.There are bank statement/1099 loan program as well, which is what you have been offered.

.* FHA loans require both parties to owner occupy for 1 year* A 203k loan is not a first time buyer program, you can own a home and still use the program as long as you live there* The loan must be made to a person, not an entity. 

I am not tied to any program. 

Hi Nate - It'd be worth asking the lender for a detailed breakdown of closing costs for this program, as well as an estimate of the interest rate you'd get with today's rates (they'll probably need to pull your credit to do this).