If you were in my shoes and you were getting into real estate full time as I am would you:-stay in LA and just focus on wholesaling since the market so expensive to rehab and flip?

My first post!

My experience:

Fix and flipped sfh in 2012. Made 27k, ~25% ROI.

Fix and Flip sfh in 2013. Made 7k. ~5% ROI.

Bought a rental sfh with two partners in 2013. Earning ~13...

The buyer, right now it is you, and the assignee will be stepping into your shoes.

In CT, if I were in your shoes I would make sure that Hot Water heater is fully functional before heading out to the Housing Court for that eviction.

I'm new to investing so i have a few questions about startup.1. how do i go about creating a proposal for getting private money i feel i would be more comfortable going after my first deal if i knew the funds was going to be available.2. is it better to have an llc when trying to get private funds that way im not personally liable3. can i get a ball park figure on average what the lawyer fees would be to set up it up because i'm on a shoe string budget(living paycheck to paycheck)any good advice would be appreciated i feel like such a noobie

I saw many houses and got to put myself in buyers shoes, so I can see things from their perspective.  

Probably best to find someone in your shoes to tell you how this worked out for them when they had a flipping business.

If I were in your shoe's I would go get a duplex or a quad (4-plex) live in one and rent the rest out.  

Hopefully all while the property is appreciating.If you haven't gussed I am a long term hold landlord :)   4 years ago I was in your shoes and I choose to turn it into a long term rental and I haev no regrets.One thing I will say, I am not 2 hours away from my property I am 25 minutes.Best of luck,Chris

You could then step into their shoes with a claim to the collateral and force the foreclosure as the second lien holder.