Hi,My name is Americo,i am from Portugal,living here for almost 4 years now.I have two degrees in psychology,diplomas in hypnosis and body language interpretation.I speak portuguese,spanish,english,a little of italian and french.I am a martial arts teacher(karate).I love to read people,read what their body says and not their voice...Is a plaser to be here,i have everything to learn with you guys.My landlord dream is to buy 3-4 multifamily apartments and live one day at a time,then will see...Wake up,see the the colors,breathe the fresh air,smell a good,tasty coffee,feel the textures around me,hear the birds...meditate on simple things...Americo Madeira

I live and breath realestate, it's to the point where I can't sleep thinking about it.

Tell you what I got it under contract for 55k the purchase price is 65 just for my own breathing room so I could negotiate.

As soon as you get into the insulation, you will breathe it in and start coughing if you don’t have a mask.We got the pipe fixed and were on to the next house.Rental No.2This is a recent purchase we’re getting ready for market.

Welcome to REI I suggest read books, or eat them up as audio, my favorite to do.recommended books I taken in are:Rich Dad Poor DadMillionaire Real Estate AgentMillionaire Real Estate Investor10x Rule4 hour work weekThe E myth for Real Estate Investingand all the podcast you can breath into from BP.go and like the entrepreneur.com page on facebook also success magazine and read articles daily they post, usually are 5 to 10 minutes read.good luck, #keepthehustle #lifeisworthliving #notdreamingitsreality 

Hank,Yes that is what I was thinking and it would also give me more breathing room in case of a change in tax or any unforeseen expenses.

If I used the HELOC only, I would back my price down to around 25-30K, leaving some breathing room.  

When you want to succeed as bad as you want to breath then you will be successful! 

With that being said, take a deep breath, carry on, just learn as much as you can about the process, and put together a great team of professionals that will look out for you 😊  👌

This states the home has been approved and available to be a rental.And some of these must be applied for every time a tenant moves.So check your state laws.There are Landlord Tenant Laws, Building Codes, and laws that are not laws at all but based on a Judge’s opinion of whether or not a tenant did wrong or not.For instance, normal wear and tear.Judges have various opinions on what they deem normal wear and tear.This is an Industry of thinking skills.This is an industry of holding your temper and implementing your lease agreement no matter what.You need to think like a Judge.You need to think reasonably.You need to be a good listener.You need to be in control.Once you buy a house you need to know how to keep that house and how to keep your tenants long term.You need to know how to be all things in order to keep your tenants happy, yet make them know the rules of landlording and how to be good tenants.I always say that one is only as good as the tools they have.You could be the greatest landlord in the world in mind and action, but if you don’t have the equipment, or the education, or the money to invest in the proper tools to make you successful, then you will never make it in this business.It takes my breath away to read the stuff on here by new investors.And I understand that how can they know what they do not know?