I am a Realtor and rookie RE investor in Idaho, and recently have been introduced to a continuous supply of deals from a veteran investor group.

That leaves you room for error and room for a quick sale in case something unforseen happens.Fourth, make sure you have everybody involved to get the deal done correctly.

Thanks Wes, I will keep looking out.Can you suggest a forum where I can get more knowledge on what to look in a property,where to look(besides the MLS) and how to calculate numbers to make sure it is a feasible buy.I am a total rookie to this and would like to be 200% sure before I make my first step.

It is a good rule of thumb though)Take that and reduce it by the amount of your repairs and all of your acquisition costs and an error margin( I always use 10% of the cost of repairs for those little uh ohs).

I guess just like any other investment, it depends on the numbers - the discount you get when buying as well as the exit strategy but I think my great hesitation is that at the higher dollar values, the margin for error can be catastrophic vs. much less when you're buying $50k properties.

But since you feel you know more about foreclosures in Maryland than me be my guest rookie, I have experience in that avenue in RE you don't.

The liability and risk is just too great for an educated investor to undertake a rehab project without sufficient room for profit and for error.

Well put, I am a newbie here, and still pretty much a rookie in real life, and agree with everything you stated.

It was filed in error and corrected by them.

Hi all,

I'm an architectural draftsman from the northwest suburbs of Chicago. I stumbled across this site while searching the internet for any kind of real estate investment info I could find. There seems to be a w...