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i have never done anything with property managers but i would assume you would need a property for them to manage. but i would also talk to them just to see how they are

ask them?

Sell a car? there's your liquid cash since you own them all. but also you can take out equity loans from your cars and borrow against them for some cash on hand for the what if's. or you can just go through a bank, there's a million ways to finance a deal. if i were in your position i would be crunchng numbers on homes and if the numbers work then go for it. paralysis by analysis i find is the dumbest thing ever. yes sometimes if you analize something someone else may buy it. but i wouldnt buy anything without feeling completely comfortable with the numbers. remember it's the exit strategy thats most importantl. we all dont want to end up buying a home we cant sell and just that liability our money away. so do your analysis.

i dont know how much help what i said is, but dont let anyone tell you that you're going too slow because if anything doesnt make sense then i wouldnt do anything until you feel comfortable with what you're doing. Im not saying dont act at all because of fear im saying just make sure you already have an idea of your profit when you walk into a place'

a note on satisfying your lender. you just need to satisfy yourself no one else is going to be thinking about satisfying you. good luck i hope you find a good deal. and things go well

Donald Trump - RE Strategies
Robert kiyosaki - Tax and legal secrets (check all info read with CPA / Lawyer to ensure its still applicable
for motivation you can read some of Tony Robbins books or watch some videos they're very entertaining.

eh im running into not knowing which direction i want to head in rehab or wholesale i see the profits in rehab but wholesaling is such a quicker end to a means of money to start keeping money for investing in other businesses. Im at a state of uncertainty and still trying to hook up with a local investor but i keeping finding older people who keep telling me that they wish they started while i was younger instead of actually kind of letting me see whats really going on. I think they're hiding losses around here to tell you the truth. and the others are just young cocky greedy people who jus shrug new people off and think they can take the world on themselves. oh well I wont stop looking for a good mentor or partner.

I dont know how far you looked into the homes but the ones that you are finding to be too cheap may just have a bigger problem than you thought. for example just the other day i talked to an owner that was selling his property for 40 but its appraised value was at 55 a few months ago. well i walked into the house and it has a huge foundation problem such as bowing in the floors and stuff. I did a cost estimate jus to run some numbers. the guy would have had to pay me roughly 5-10k for me to think about owning the home again after looking at it.

with residential homes i have heard you need 20% in equity to get an home equity loan but you havent mentioned what type of property your curious about so im unsure. I havent looked much into commercial property yet

Best person to ask is a lender on their actions and how long it takes. I know it took 2 weeks to take out a home equity loan for a friend of mine. For those amounts you're talking about i am unsure. but once the correct paperwork is submitted you'll have a new loan payment but also 900k to make yourself even more profitable. If i were in your situation i would just start shopping for a lender and ask them questions. I had a lender on the phone for an hour once just talking about mortgages and how home equity works.

only thing ill say here from one newbie to another is dont put all your coins in one basket. If i were you i'd learn how your family business is structured and compare it to very succesful businesses. RE is a business and it's not an easier than any other business. This business is very time consuming, if you havent read anything yet i suggest you read robert kiyosaki rich dad poor dad to kind of set your mindset but dont take it as bible it's mostly a way of thinking you can PM me for more info on how to obtain the book if you would like.

otherthan that welcome were happy to have you

im also a youngster 21 yrs of age

do you setup a contract with the buyer something like if you purchase the house you will pay this amount to me as kind of like a finders fee? what keeps the buyer from just going behind your back and just taking the property?