I recommend sec 8 for new investors bescause sec 8 annual inspection will help u keep ur house in shape as well.

@frank great post, is there a specific place in south florida that u focused on??

But make sure u dont buy a house at 4closure auction based on ur search.

I have to disagree wirh @Engelo At minimal you need to understand how to do the repairs and have some knowledge of costs so the contractors dont rip you off or try to walk all over u.

To assume makes an *** out of u and me.One other aspect as to many threads on BP, there are aspects of doing deals by some folks on here, their attitudes and how they may view an issue that often should not be duplicated by new folks or those with financial limitations.

Hi Kay,i have not been around here in BP for a while but want to comment on your post :)me, also looking for a 2 or 3 family home in the Bronx area, talking to some RE agents and already pre-approved for a loan but following some of the rules like the 70% as you said nothing fall into that.my 2c,check the roof condition, see if you need one, and what is your exit strategy (are u fixing it up and puting the house back in the market or you want to rent and get montly income from it).

Yes u can.

find a house u can buy for 70% of market value.

I agree with all you guys say as advantage and being held with higher standard.The only thing not mentioned, is depending where you hang your license there can restrictions on how many times you can transact per year @ 100% commission for you personally.I don't think real estate licensing school helps u in investing, but if you are newbie its a good start.You get more here on the topic.

If u want, we can collab on some marketing.