My first station was in Kings Bay Georgia, where I picked up the book Rich Dad, poor Dad, which kick started my real estate career.

If you are changing careers and your income will go down significantly (you said change, I implied decreasing), why not keep the money as a back up/emergency fund in case you need it?

I walked away from a successul 20-year career as an HR Director in Silicon Valley to do this full fime and I have nearly replaced my corporate income.

@Jacob Sherman @Steve HiltabiddleIt seam's like it'll be pretty difficult if not impossible to get financing from a professional HML for a sheriff's sale.

I actually used the FTHB tax credit in 2009 ($8k tax credit at the time) which kick-started my real estate career.

A forum is an open discussion...I don't know why this is so difficult to grasp.

@Scott Mac you've got to know where to invest in Detroit to avoid getting taken advantage of or just plain making a big mistake.Detroit investing is block-by-block, which is difficult for OOS investors to do.Zip codes are statistically too big.That's why we've spent considerable resources ranking Detroit's 183 Neighborhoods. 

You could do this on your own, but a simple mistake or a hostile tenant can make it very difficult.

Since you alluded to the fact the property is a lower priced property, its even more important to complete an inspection moving forward with similar purchases because its more difficult to absorb this cap ex repair.

Hi everyone, I am a year out of college and eager to get more involved in the real estate industry. I have been working with a platform management company for about a year now and want to expand my horizons and learn ...