Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

Similar to what Patrick stated - most have ITINs and have seen a lot of loans like that and those are sold many times on secondary market. if not I know people who still originate I would say they are tougher to sell on secondary market but there are still buyersRe: jay comment - price of notes has doubled over past five years on many loans - especially defaulted or loans with some hair too them. 

That kind of relationship will help things go smoothly, both in the planning phase and the handoff from when you buy to when your PM takes over.

Hi Jason - I've been part of STR Secrets for over a year.

However, if you’re not ready to jump in yet, you could spend the next couple of years building your savings and learning more about real estate to feel more confident when the time comes.

Melrose is a great area and will definitely appreciate over the long run.

I would spend time building your list of WHO (agent, mentor, contractor/handyman), then WHAT (house type, tenant base, work needed), then WHERE (location).

Let's use that as an example. 20% down is $43,000 plus lender loan origination fees, closing costs etc is going to push you over $50,000 cash out of pocket.

We weren't willing to take that risk.My wife operated our first home and after a few months we found a really solid knowledgeable manager who took over operations while still working closely with my wife. 

If you go to the property appraiser's website, you can probably  look at the year over year change in the taxable value of the property.