Experience is the best teacher, so whether you are looking for an agent to help you find properties, or if you are looking for a PM, keep this in mind!

I am a school teacher and I'm worried about my future.

I figured that would be the easiest way to get my feet wet in the real estate business and enable me to learn more about the business.

Hello Everyone, My name is Brian and I'm 25 years old, a recent college dropout.I was going to school to become a teacher but I just really can't see myself being happy spending the next 30+ years doing that.I've always been interested in real estate and I'm hoping to purchase my first home to rehab sometime within the next few weeks.I've worked for a residential building company briefly while going to college so I know quite a bit about that aspect of the rehab, but need to learn alot (in a short time) about so much of the other aspects of real estate investing.This looks like a great community and I'm very excited to have found it and look forward to learning as much as possible.

You can send me the lease application , to enable me to review it ahead of time.

Wouldn't that enable you to put a commercial loan into the name of your LLC without bringing your personal credit score into the picture?

I would be fairly sure the bank offered you the option of de-winterizing and re-winterizing the house to enable you to inspect the plumbing system.

Well if you play the game, you know it is far easier to win if you are a janitor, teacher, truck driver, etc, than if you are the Attorney, Airline Pilot, etc.Why?

With HUD it depends on many things when purchasing.If for instance the purchase was part of the good teacher,police firefighter etc. with the discount you have to live there so many years period or you will have to repay some money.Also if your buyer bid during the owner occupant only period to get the property and will never move in that is fraudulent.Investors frequently use to do this to not wait until the investor period came.It is a crime to do this now.Some would also say they were living there to get an owner occupant loan with a lower rate.This is committing mortgage fraud.Many do things to ride the line everyday and some get burned and others do not.I wouldn't want to be on the governments radar though.So without knowing the specifics of how the transaction went down it's hard to say.If the title company says 2 years and they do a lot of HUD then I might take that at face value.I have seen HUD go out to properties before,check where mail is sent to for taxes,etc. after they were bought.

It enables us to work with them and then evict at any point if they are late and stop communicating and working with us.