I spoke to my dad about locating money lenders and he told me I'm wasting my time because no one will give me any money if I don't have an income.Secondly, the people close to me are telling me that most of the money lenders are probably scammers, trying to take my identity, so I cannot trust anyone, And thirdly, my dad is telling me that because I am 18, I am at no legal age to sign any formal contract for any loans..

hello I'm Steve new to bigger pockets I'm 39 have 6 rentals I own and 2 that I'm partners with and manage a 8 unit apartment building on a part time basis looking to expand and meet new people

As an investor, using OPM(other people's money -- a mortgage), the purchase price and mortgage payments will dominate the cash-on-cash and cap-rate calculations.Yes, we would all like a Class A property for $1.95, but somewhere in reality is the balance for what can I get as rents and not have the expenses drive me to the poor house.Highly recommend the Calculators here on BP to evaluate the possible ROI using realistic numbers for each property.

Comparing the information, you're around a -2% population growth, -0.22% job growth and a home vacancy of 10%.http://www.city-data.com/city/Plymouth-Michigan.ht...http://www.semcog.org/data-and-maps/community-prof...http://www.bestplaces.net/economy/city/michigan/pl...Now, even though Plymouth looks to be fairly stagnant, I'm assuming you know the surrounding areas and can see if people who live there commute elsewhere to jobs and if land surrounding or within the city limits can even be developed for potential housing or business growth. 

Most people want a move in ready place and are afraid of the cost of fixing an item.  

I am looking for responses from people that has used credit unions in the Chicagoland area and surrounding suburbs for HELOCS. 


When people say "no money down" would that mean that after all is said and done,  you got your initial purchase money back?

I like people like that.This is going to be very scary to me but I am willing to learn because I want better for myself. 

I'm new to Bigger Pockets, and trying to network with some people in the Nashville area.

I'm assuming your hitting the same people multiple times.