@Julia Vang HartJust had a 2 million lean on a property I had for my investors for the same reason the guy took a quick claim deed, knew nothing about the lean until we opened escrow and worked up the prelim.

Cheng Vang Is this from your state or michigan?

@Julia Vang Hart  I've never been to one of their shows/ seminars but I would go if I had the chance.  

Working in healthcare I'll have to echo @Julia Vang Hart and Account Closed that this should not be viewed as an extension of a "typical" real estate investment opportunity.There is and would be a lot of red tape, government, compliance and staffing obstacles to get through in order to establish a compliant facility.

Will Barnard you're right that Michael Gao can't deduct those expenses in association with his W2 day job.

@Julia Vang Hart,No - the "gurus" rarely - if ever - attend their own events.David J Dachtera"Success is not a destination.

Hi @Lais Vang!

I think you'll be better off forking over ~35,000 for ~500/month (net) versus ~130,000 for ~1,000/month (net).I would only pay cash for something if it was an off market deal that wasn't able to be financed but knew I could make money (at least get my cash back) on the cash-out after repair and make CF each month.I agree with @Vang Cha, you're in a position to put that 120,000+ into something much larger scale with more income, better value, management and you don't have to deal will HOA's creeping in on your bottom line.Good luck!

Quote from @Muajmong Vang: Hi All,Located near Arlington, TX in Grand Prairie TX to be exact (75054).

@Gao Nou X.