I just passed the California Real Estate Salesperson Exam in Fresno.

I am confident that with a little money, the nerve to take a big risk, and the knowledge that I have and will gain from this forum and hopefully people I get to meet through BP I will be able to build a business in real estate over the coming years, and that is my plan!

I trying to buy my first property within the next 3 to 4 months.Getting very nerves about it, as you say i feel like "NOW or Never", it is so hard to do the first deal.Best,Eva

I have been looking and studying up on buying investment rentals for a few years but have yet to get the nerve to jump in.

That's a really painful lesson in title examination.-- You don't get absolute occupancy rights.

I was explaining to him that I wanted to get my NY RE license and was wondering what the next step would be after I passed the exam. In

"According to BBVA Compass, the subject property must either be located in a low-to-moderate income census tract (as determined by the Federal Financial Institutions Examination Council) or the loan applicants cannot have an income greater than 80% of the median income for the area, per the guidelines"http://www.housingwire.com/articles/33120-bbva-compass-launches-zero-percent-down-mortgage-programSounds great for those who invested in low income housing areas don't think Los Angeles would have areas your friend would want to live in

This is a very fundamental principle of real estate deals and there is a lot to learn after 6 deals.This is coming from someone that had the same opinion that realtors were not adding much to my deals, and were actually slowing deals down with slow communication and lack of nerve for nonconventional offers and situations.  

This is exactly why I love biggerpockets.com, you have smart experienced guys coming up with creative ideas like Rich, you have smart experienced guys examining those creative ideas with a fine tooth comb and laying out the facts, like Bill, and you have smart experienced guys giving a well reasoned opinion like J.Scott and others here.Kudos to all, really appreciate all of you.Every investment has risk, it's how you manage risk and your own tolerance level for risk that matter to YOU!

Look at the posts and examine what the cash flows are on whatever kind of property you decide is right for you.