That's because the cash flow from one or two (or five) properties won't cover big expenses that occur early on in your career.

The actual sale may not occur for that particular property for months, but most states you will earn the maximum interest on total taxes owed during that time period.

Originally posted by "raywashington":getting a license is probably one of the biggest liabilities a real estate investor can have.Iv'e read a lot of debates about whether it's worth it to get a real-estate license if one is an investor.I've heard several times from many people with experience that having a license is a liability.What legal liabilities can occur?

I'm sure this is not a once in a blue occurance.

U bet, 8) I've spent the last 5 years cultivating a portfolio of private lenders for virtually any scenario(loan) You could possibly need, including but not limited to 80% ARV(after repaired value), NOT Purchase Price, Purchases at 80% of APPRAISED Value(not purchase price), 80% of Appraised Value Cash Out Re-Finances, & most closings occur w/i 48 hours.

It is my observation that the outcome of these cases does not necessarily depend upon what actually happened at the time an alleged violation occurred but rather what the judge or a jury, believed took place.

Originally posted by Bryan Alenky:robert, it is understood by my tenants that the appliance come with no guarantee or warranty...they can either have them fixed, or i will come pick them up and they can buy their own...i buy them for around 100 bucks per appliance used, so it's not big money, and they ain't pretty...i'm not attached to them in anyway, but if i can take them back and have them fixed and put in another rental, then so be itthis is what I have been taught as well, in the contract there should be a clause explaining that the appliances are in the rental and the tenants are free to use them if they want but then are responsible for any damages that may occur.

If you only have SOME of the funds, but not enough to cover the full rehab, arrange for a refi of the property to occur right as the property is nearing completion.

There is a cosmic shift occuring in American agriculture, and it should have happened decades ago.

I recently posted my story of selling a rental property for $1000 down, and it occurred to me that the buyer may have just put the downpayment on a credit card.