I just want a healthy profit and to walk away quickly.

[/b]Finally, especially if your goal is to continue buying and renting properties, you must have healthy cash reserves or liquidity you can tap (home equity line of credit, investments, something).

So far i'm looking at austin, tx as a long-term investment but i'm open to investing in other areas.at 21 (dec '04) i bought a house in socal with 100% financing that should have never been approved. i was struggling financially so i decided to rent my townhouse to a stripper after only 4 months. i realized the local market (riverside county) needed a major correction so i sold the house after one year (dec '05) for a healthy 20% profit. today, the house is worth the same as when i sold it and i think it's on it's way down.anyway, i am making twice as much money today as i was then, i've learned a lot about real estate investing from books and personal experience over the years, and i think i'm ready to start my career in real estate investing!

I am a director of an international real estate portal.I'm looking forward to some healthy debatesBest regardsSimon

In your case, the IRS makes you pay estimated tax on your profit distributions, particularly if your S Corporation is fairly profitable and you're taking out healthy profit draws. f you can show the IRS that you've paid most or all of your previous year's taxes within that same tax year, you will stand a very good chance of avoiding estimated tax payments entirely.

But then (LUCKILY), after visiting and reading on this forum and other books, I got a good healthy dose of reality... add to this the fact that I live in a state that's extremely tenant-friendly/landlord-hostile...

I love to travel and spend time with friends & family and I see how a healthy portfolio of rental properties that is properly set up will allow me to do that.My life currently revolves around real estate and business as I'm working my way through a mile-high stack of books, constantly read blogs & newsletters, and frequently attend educational seminars & networking events.

At least in Georgia there is a healthy market for tax deeds on the courthouse steps (in essence the same thing as a foreclosed lien), and I imagine the same is true in Maryland, such that the risk of a third-party buying the property is also material.

All the high volatility makes the market hard to predict and hard to sustain healthy growth.I am hoping for more than 2% appreciation but as long as we stay positive and don't dip into the red I will consider it a win for Vegas.

Are you expecting healthy appreciation as well?